Alphabet profit margins slide due to rising Google costs

Jamie McKane

MyBroadband Journalist
Super Moderator
Joined
Mar 2, 2016
Messages
4,259
Alphabet profit margins slide due to rising Google costs

Google parent Alphabet Inc. reported thinner profit margins as the internet giant spent heavily to expand its cloud and YouTube businesses. The company’s shares slipped in late trading.

Google’s fourth-quarter capital expenditures jumped 80 percent to $6.85 billion.

[Bloomberg]
 
Top