The number of clicks on Google ads jumped more than 60% in the quarter, but prices dropped 28%.
San Francisco: Google parent Alphabet Inc. is paying more to partners that distribute its search engine, while charging less for each ad that it runs - a combination that’s putting a damper on growth. Third-quarter sales, minus partner fees, were $27.2 billion, the internet giant said on Thursday in a statement. Analysts on average were expecting $27.3 billion, according to data compiled by Bloomberg. Sales from Google’s own properties, including YouTube and search pages, rose 22 percent, slower than the 26 percent growth in the prior quarter. The company’s shares slid in extended trading.