The company’s shares fell as much as 8.9% to $126.40 in New York, the biggest decline since October 2022. The shares had gained 57% so far this year through Tuesday’s close. The company posted $44 billion in search advertising, beating the average analyst projection for $43.2 billion.The company was pleased with its advertising revenue growth after a period of “historic volatility,” Porat said on an investor call after the results.
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