YouTube Ad Revenue Rises 9% But Parent Alphabet Misses Wall Street’s Q3 Targets; Stock Drops

YouTube ad revenue grew 9% in the third quarter to hit $11.2 billion, but parent Alphabet’s stock dropped after overall financials undershot Wall Street expectations. Shares in Alphabet fell 8% in after-hours trading on the earnings news. Total revenue of $127.6 billion increased 25% over the year-earlier quarter, marking a 13th consecutive quarter of double-digit […]