YouTube’s Q3 ad revenue dropped 1.9% YoY to $7.07B, below expectations of $7.42B and marking its first year-over-year drop in at least two years (Todd Spangler/Variety)

Todd Spangler / Variety:
YouTube’s Q3 ad revenue dropped 1.9% YoY to $7.07B, below expectations of $7.42B and marking its first year-over-year drop in at least two years  —  Overall, Alphabet, Google’s parent company, also came in below analyst estimates.  The company posted revenue of $69.1 billion and earnings per share of $1.06 for Q3.