SAN FRANCISCO — Google parent Alphabet beat analyst earnings expectations but reported slowing revenue growth amid tougher competition in the online advertising market. Google’s advertising revenue, its key moneymaker, grew by 15 per cent to $30.7 billion — slower than investors had hoped. “Does this put more pressure on Google to make more aggressive bets on cloud?” asked Wedbush Securities analyst Dan Ives. Google reported $5.4 billion in “other” revenue, which includes cloud, hardware and Play store purchases. The fine was imposed in March for anti-competitive practices in Google’s advertising business, referring to a specific exclusivity practice Google now says it has ended.

Source: National Post April 29, 2019 20:26 UTC