News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
29
o
Bekaa
32
o
Keserwan
30
o
Metn
30
o
Mount Lebanon
28
o
North
33
o
South
28
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Morning Talk
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
29
o
Bekaa
32
o
Keserwan
30
o
Metn
30
o
Mount Lebanon
28
o
North
33
o
South
28
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Series
Movies
Documentaries
Variety
Comedy
Talk Show
News Bulletin
Sports
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
Big Tech earnings show digital ads market not out of the woods
Variety
03-02-2023 | 06:46
High views
Share
Share
3
min
Big Tech earnings show digital ads market not out of the woods
After a challenging 2022 in which advertising-dependent companies faced shrinking budgets and cratering stock prices, fourth-quarter results this week from Alphabet, Meta Platforms and Snap showed they were not yet in the clear.
The health of the advertising industry closely mirrors the economy, and many advertisers have pared back their marketing budgets in response to record-high inflation rates and continued uncertainty about a recession.
Google-owner Alphabet Inc (GOOGL.O) on Thursday reported a slight fall in quarterly ad revenue, missing Wall Street expectations and surprising investors as the world's largest digital ad platform has traditionally been resilient compared to smaller rivals. Shares of Alphabet were down 5 percent in trading after the closing bell.
"For a company the size of Google and as influential as Google to have such disappointing results, (that means the ad industry) won't turn around in one quarter," said Evelyn Mitchell, an analyst at Insider Intelligence.
Snap Inc (SNAP.N), owner of photo messaging app Snapchat, said Tuesday it expects current-quarter revenue to decline as much as 10 percent due to competition for ad dollars and a challenging economy.
"(Advertisers) are managing their spend very cautiously so they can react quickly to any changes in the environment," Snap Chief Executive Evan Spiegel said during an earnings call.
Meta Platforms Inc (META.O), the second-largest digital ad platform, lifted Wall Street on Wednesday with its cost cuts and big share buyback, though it posted its third consecutive quarter of year-over-year revenue decline.
Lower ad spending from brands in the financial services and technology sector was one reason for the revenue decline, the company said.
Meta Chief Financial Officer Susan Li said the broader economy continues to be "pretty volatile" and it was too early to tell what the year would look like.
The mood among advertisers broadly is one of "cautious optimism" for the year ahead, said Nicola Mendelsohn, Meta's vice president of global business group, in an interview on Thursday.
By region, advertisers have been bullish about the US market, while sentiment in Europe has struggled comparatively and China has shown signs of improvement, though the future remains uncertain amid the country's reopening, Mendelsohn said.
Reuters
Big
Tech
Meta
Google
Alphabet
Snapchat
Snap Inc
Economy
Digital
Ads
Advertisement
Platform
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
2025-06-24
Bank Audi and Neo Digital Bank introduce Google Pay services in Lebanon
Lebanon News
2025-06-24
Bank Audi and Neo Digital Bank introduce Google Pay services in Lebanon
0
News Bulletin Reports
14:58
Israeli profiles surface on Lebanese dating apps — real risk or random match?
News Bulletin Reports
14:58
Israeli profiles surface on Lebanese dating apps — real risk or random match?
0
Middle East News
2025-04-15
Iran's Khamenei says talks with US 'well carried out'
Middle East News
2025-04-15
Iran's Khamenei says talks with US 'well carried out'
0
World News
2025-04-24
Nearly 50,000 mourners so far have paid respects to pope: Vatican
World News
2025-04-24
Nearly 50,000 mourners so far have paid respects to pope: Vatican
Videos
d-none hideMe
0
Lebanon News
2025-07-01
Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district
Lebanon News
2025-07-01
Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district
0
Lebanon News
2025-06-10
Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)
Lebanon News
2025-06-10
Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)
0
Lebanon News
2025-06-04
Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties
Lebanon News
2025-06-04
Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties
0
Lebanon News
2025-05-19
President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels
Lebanon News
2025-05-19
President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels
0
Lebanon News
2025-05-15
LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future
Lebanon News
2025-05-15
LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future
0
Lebanon News
2025-05-11
Kuwait rolls out official welcome for Lebanon's President Aoun – video
Lebanon News
2025-05-11
Kuwait rolls out official welcome for Lebanon's President Aoun – video
0
Lebanon News
2025-05-11
Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers
Lebanon News
2025-05-11
Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers
0
News Bulletin Reports
2025-05-09
EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview
News Bulletin Reports
2025-05-09
EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview
0
Lebanon News
2025-04-23
US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads
Lebanon News
2025-04-23
US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads
Most read
d-none hideMe
24 hours
7 days
Month
1
Sports News
04:32
Liverpool's Portuguese forward Diogo Jota dies in car crash in Spain, TVE reports
Sports News
04:32
Liverpool's Portuguese forward Diogo Jota dies in car crash in Spain, TVE reports
2
News Bulletin Reports
13:12
New normalization push could reshape the Middle East—with Syria and Lebanon on the radar
News Bulletin Reports
13:12
New normalization push could reshape the Middle East—with Syria and Lebanon on the radar
3
Lebanon News
10:20
Lebanon’s banking association welcomes central bank decision enforcing equal treatment of depositors
Lebanon News
10:20
Lebanon’s banking association welcomes central bank decision enforcing equal treatment of depositors
4
News Bulletin Reports
14:58
Israeli profiles surface on Lebanese dating apps — real risk or random match?
News Bulletin Reports
14:58
Israeli profiles surface on Lebanese dating apps — real risk or random match?
5
News Bulletin Reports
13:03
Six years on, Lebanon’s banking crisis deepens without legislative solution
News Bulletin Reports
13:03
Six years on, Lebanon’s banking crisis deepens without legislative solution
6
News Bulletin Reports
13:10
Two million vehicles uninspected — what’s blocking Lebanon’s inspection system?
News Bulletin Reports
13:10
Two million vehicles uninspected — what’s blocking Lebanon’s inspection system?
7
Lebanon News
06:42
MEA adjusts flight schedule for July 5–6-7 due to operational reasons
Lebanon News
06:42
MEA adjusts flight schedule for July 5–6-7 due to operational reasons
8
Lebanon News
10:21
Lebanon's General Security moves to regulate Syrian entry through all crossings
Lebanon News
10:21
Lebanon's General Security moves to regulate Syrian entry through all crossings
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More