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@ 2022/10/31A 27 percent drop in profits
Google's third quarter 2022 earnings drop by 27 percent drop in profits compared to last year, with weaker-than-expected earnings and revenue.
The announcement was expected as Google CEO Sundar Pichai been on a belt-tightening for three months.
Revenue was up six per cent year over year to $69.1 billion, a sharp growth decline from 2021 third quarter, which saw 41 per cent growth. Profits were at $13.9 billion, down from $18.9 billion in third quarter 2021.
Google's third quarter 2022 earnings drop by 27 percent drop in profits compared to last year, with weaker-than-expected earnings and revenue.
The announcement was expected as Google CEO Sundar Pichai been on a belt-tightening for three months.
Revenue was up six per cent year over year to $69.1 billion, a sharp growth decline from 2021 third quarter, which saw 41 per cent growth. Profits were at $13.9 billion, down from $18.9 billion in third quarter 2021.
