YouTube's quarter shows problems Meta may face: TikTok, weakening economy


FILE PHOTO: YouTube logo at the YouTube Space LA in Playa Del Rey, Los Angeles, California, United States October 21, 2015. REUTERS/Lucy Nicholson

(Reuters) - Mostly reassuring financial results from Alphabet Inc included one concerning sign for social media companies: Its YouTube service posted its second difficult quarter in a row.

Quarterly ad sales at the world's biggest video sharing service grew at the slowest pace since Alphabet began disclosing that data three years ago. This indicates that last week's disastrous earnings report by Snap Inc reflected problems not unique to Snap - and it could also spell trouble for Meta Platforms Inc, whose results are due later on Wednesday.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Could your phone be affecting your skin? Dermatologists explain
AI is coming for the sommeliers
Happiness Report says it is better to be social than on social media
After K-pop and K-drama, here come K-games
Explainer-What is the World Trade Organization e-commerce moratorium?
More! More! More! Tech workers max out their AI use.
Meta's longtime content policy chief Bickert leaving to teach at Harvard
Coming of age: Mega Cat Studios releases new 'God of War' video game
AI agents: They’re fun. They’re useful. But don’t give them the credit card.
Scientists use saliva for non-invasive, AI-based Parkinson's test

Others Also Read