Alphabet Inc. expects the slowest quarterly growth in four quarters due to increased competition in Google Search and YouTube.

Alphabet Inc., Google's parent company, is expected to report its slowest revenue growth in four quarters, with third-quarter revenues projected at $86.31 billion, up 12.6% year-over-year. Increased competition from Amazon and TikTok is impacting Google Search and YouTube ad revenues. Analysts predict earnings per share of $1.84, while concerns about regulatory actions loom. Despite recent stock growth, the market remains cautious about future performance, especially in AI investments.

October 28, 2024
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