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Big YouTube miss yanks down Alphabet earnings and revenue

The world's largest provider of search and video made a fortune over the last two years as the pandemic forced more shops and people online

Credits: Bloomberg
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Credits: Bloomberg

Reuters
Google parent Alphabet on Tuesday reported its first quarterly revenue miss of the pandemic after the war in Ukraine hurt YouTube ad sales, leaving investors rattled as the global economy sputters.

The world’s largest provider of search and video made a fortune over the last two years as the pandemic forced more shops and people online. But outdoing those sales is proving difficult so far this year with the war, rising inflation and product shortages causing advertisers to dump marketing campaigns, according to analysts.

Alphabet shares, which were up nearly 90 per cent over the past two years, fell about 2.5 per

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