Revenue, excluding traffic acquisition costs for the third quarter, was $72 billion versus expectations of nearly $71 billion. That's higher than the $63.12 billion the company generated during the same period in the prior year. But investors seemed to focus on the advertising miss.
"Across different teams we have wound down some non-priority projects which will help us invest and operate well in our growth areas," said Pichai. Porat said the company is focused on removing organizational layers to bo.
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