GOOGL Earnings Miss | YouTube revenue disappoints
YouTube has more than 2bn monthly users.
YouTube revenues rose 14% to 6.9bn, below the 7.5bn expected by analysts.
YouTube revenue disappoints on growing TikTok competition concerns and Ukraine war which impacted YouTube ads.
GOOGL 23% increase in revenue in Q1 to 68bn, but below forecasts for 68.1bn.
In 2021, revenues increased 34%.
Considering the above, future growth is not so sure.
I expect a retracement to the $2100 level.
YouTube revenues rose 14% to 6.9bn, below the 7.5bn expected by analysts.
YouTube revenue disappoints on growing TikTok competition concerns and Ukraine war which impacted YouTube ads.
GOOGL 23% increase in revenue in Q1 to 68bn, but below forecasts for 68.1bn.
In 2021, revenues increased 34%.
Considering the above, future growth is not so sure.
I expect a retracement to the $2100 level.
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