When Google parent Alphabet (GOOGL) reports June-quarter earnings, investors likely will be braced for a slowdown in digital advertising. But they may not be prepared for TikTok’s expected impact on YouTube and GOOGL stock.
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Alphabet will report June-quarter earnings after the market close on Tuesday. Google stock sold off July 22 after Snap (SNAP) reported disappointing second-quarter results. Snap’s earnings and revenue missed estimates as a weak advertising market took its toll.
Heading into the Google earnings report, analysts have lowered their estimates.
Analysts predict Alphabet’s revenue will grow nearly 13% to $70.2 billion, slowing from the prior year’s 62% growth. They see earnings per share falling 6% to $1.28.
GOOGL Stock: YouTube Growth Expected To Slow
Wall Street estimates that YouTube’s revenue growth will decelerate to 7%, compared with 14% growth in the…
