Alphabet (GOOGL) Q3 2022 earnings

Alphabet shares dropped about 7% in extended trading on Tuesday after the company reported weaker-than-expected earnings and revenue for the third quarter and said it would significantly decrease headcount growth.

• Earnings per share (EPS): $1.06 vs. $1.25 expected, according to Refinitiv estimates.
• Revenue: $69.09 billion vs. $70.58 billion expected, according to Refinitiv estimates.
• YouTube advertising revenue: $7.07 billion vs $7.42 billion expected, according to StreetAccount estimates.
• Google Cloud revenue: $6.9 billion vs $6.69 billion expected, according to StreetAccount estimates
• Traffic acquisition costs (TAC): $11.83 vs $12.38 expected, according to StreetAccount estimates

Revenue…