The results were decent overall but far from enough to satisfy picky investors, who had pushed Alphabet's stock to a new all-time high just one week earlier.
The problem was that the company's ad revenue came in at just $65.52 billion, below the analysts' target of $65.94 billion. YouTube ads, which has been a key growth accelerator in recent quarters, also fell $10 million shy of estimates at $9.2 billion.
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