Google feels the bear market as crypto ad revenues slip since July

Cointelegraph

Published Oct 26, 2022 08:51AM ET

Updated Oct 26, 2022 10:40AM ET

The latest earnings call from Google’s parent company, Alphabet (NASDAQ:GOOGL), highlighted decreased search advertising spending from financial services and cryptocurrency subcategories.

Alphabet released its earnings report for Q3 on Oct. 25, outlining a 6% increase in revenue totaling $69.1 billion in comparison to Q3 last year. Revenues were down slightly from Q2 2022, dropping from $69.7 billion.

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