Google search ads beat targets despite global ‘uncertainty’

Published by
Reuters

By Paresh Dave and Nivedita Balu (Reuters) -Google search ads lifted parent Alphabet Inc close to Wall Street sales expectations on Tuesday, sending shares up on relief that the world’s biggest seller of online advertising may withstand a global recession better than smaller rivals. A trio of Alphabet executives sounded caution on a call with investment analysts, using “uncertain” or “uncertainty” at least 13 times to describe the economy. YouTube ad sales grew at their slowest pace since disclosures began in 2018. But investors focused elsewhere, notably on the fact that second-quarter sales …

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