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YouTube Ad Revenue Rises 9% But Parent Alphabet Misses Wall Street’s Q3 Targets; Stock Drops

YouTube Ad Revenue Rises 9% But Parent Alphabet Misses Wall Street’s Q3 Targets; Stock Drops

News Briefvia Deadline

YouTube ad revenue grew 9% in the third quarter to hit $11.2 billion, but parent Alphabet’s stock dropped after overall financials undershot Wall Street expectations. Shares in Alphabet fell 8% in after-hours trading on the earnings news.

Source Deadline

This is a summary of a story originally reported by Deadline.

Read the full story at Deadline

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