quarterly figures
Drop in profits for Google parent Alphabet
The Google logo in Granary Square, London. photo
© Alastair Grant/AP/dpa
After Snapchat severely disappointed the stock market with its figures, investors are anxiously waiting for fresh data from Google. The online giant also has to accept deductions – but is proving to be robust.
Google is also feeling the effects of the downturn in the online advertising market: The business grew more slowly in the past quarter and the profit of the parent company Alphabet fell significantly. At the same time, the online giant demonstrated that it is well positioned to weather the market weakness better than its smaller competitors.