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Ad revenue growth slows for internet platform companies

The Motley Fool +1 · ·by G4L

GOOGL Alphabet Inc
$288.15 +1.18%
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META +5.12%PINS PINS +0.53%
  1. 1Advertising revenue accounted for approximately 64% of Alphabet's third-quarter revenue.
  2. 2Meta Platforms' advertising revenue growth recorded 26% year-over-year.
  3. 3Reddit warned that daily active users could decline by a low double-digit percentage in the fourth quarter.

So what's the key point?

Ad revenue growth for Alphabet and Meta Platforms is not as fast as before. Reddit is advising investors to be cautious as it noted that user numbers could decrease.

Source The Motley Fool +1 · View original ↗

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