Alphabet misses on revenue as YouTube ad business slowed by Ukraine war

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Reuters

By Paresh Dave and Nivedita Balu (Reuters) -Google parent Alphabet Inc on Tuesday reported first-quarter revenue below expectations as YouTube sharply missed Wall Street targets and ad sales overall were pressured by the war in Ukraine and supply-chain and inflation concerns. The war in Ukraine that began during the quarter had an “outsized impact” on YouTube revenue because the company stopped ad sales in Russia and brand advertisers, particularly in Europe, pulled back on spending, Alphabet Chief Financial Officer Ruth Porat told analysts. She also reported moderating growth in sales to dire…

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