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Asharq Al-Awsat
Asharq Al-Awsat
Technology
Asharq Al-Awsat

Google-parent Alphabet's Profit Slips as Growth Slows

Alphabet Google Netflix Sundar Pichai Internet Inflation SNAP Snapchat Ukraine
FILE- A Google sign is shown on the company's campus in Mountain View, Calif., on Sept. 24, 2019. (AP Photo/Jeff Chiu, File)

Google-parent Alphabet reported Tuesday its profit and revenue slipped as the internet giant's long sizzling ad revenue growth cooled, but the market seemed relieved the news wasn't worse.

Big tech firms are grappling with multiple problems, from inflation to the war in Ukraine, and results in general for the quarter have not been great so far, AFP said.

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