Alphabet reports third-quarter earnings after the bell
Summary
Googles core advertising business has enjoyed record revenue growth in recent quarters as economies reopened from the pandemic, but analysts are focused on how supply shortages and privacy changes implemented by Apple are affecting spending. While Google is better shielded than those companies because it owns the Android operating system, it still relies on Apple for distribution of its apps on iPhones. Both Google and Apple face mounting scrutiny from regulators, though their stocks havent suffered. In August, legislators introduced a bipartisan bill that seeks to bring more competition to the app store market. In July, state attorneys general announced an antitrust lawsuit against Google, alleging the company abused its power over app developers through its Play Store on Android.