6,297
edits
Meta Platforms:Quarterly Results/2023 Q1: Difference between revisions
Meta Platforms:Quarterly Results/2023 Q1 (view source)
Revision as of 07:23, 26 April 2023
, 26 April 2023→Alphabet
| Line 198: | Line 198: | ||
==== Alphabet ==== | ==== Alphabet ==== | ||
* Alphabet reported You Tube | * Alphabet reported You Tube advertising and Google advertising revenue that came in-line with estimates. | ||
* CFO Ruth Porat said in the earnings call that You Tube ad spend is seeing stabilization. " In YouTube, we saw signs of stabilization in ad spend on a sequential basis. We continue to prioritize growth in Shorts engagement where we are encouraged by progress in monetization," She said. | * CFO Ruth Porat said in the earnings call that You Tube ad spend is seeing stabilization. " In YouTube, we saw signs of stabilization in ad spend on a sequential basis. We continue to prioritize growth in Shorts engagement where we are encouraged by progress in monetization," She said. | ||
* Regarding the economy, Ruth said that it continues to remain uncertain but that foreign exchange headwinds have diminished. " In terms of the operating environment, our results in the first quarter reflected ongoing headwinds due to a challenging economic environment and the outlook remains uncertain. Foreign exchange headwinds have moderated, and we expect less of a foreign exchange headwind in the second quarter based on current spot rates, " She said in the earnings call. | * Regarding the economy, Ruth said that it continues to remain uncertain but that foreign exchange headwinds have diminished. " In terms of the operating environment, our results in the first quarter reflected ongoing headwinds due to a challenging economic environment and the outlook remains uncertain. Foreign exchange headwinds have moderated, and we expect less of a foreign exchange headwind in the second quarter based on current spot rates, " She said in the earnings call. | ||