Tech

Google disappoints investors as its core search business falls short

Revenue in Alphabet’s core search business was $48 billion, narrowly missing analysts’ projections for $48.15 billion

The disappointing results come at a time of broader uncertainty for Google’s search engine,

Google parent Alphabet reported fourth-quarter revenue from its core search advertising business that fell short of analysts’ estimates, overshadowing an otherwise strong end to the year.

Sales, excluding partner payouts, jumped 15 per cent to $72.3 billion in the three months ended December 31, the company said Tuesday in a statement. That was better than the $71 billion analysts had projected, and the best quarter for revenue growth in seven. Net income was $1.64 per ...