Says revenues were impacted by pull backs in advertiser spend and foreign exchange. Says AI is most profound technology the company is working on today. Says language models is an area of opportunity. Says this week started bringing revenue sharing to YouTube Shorts. Says YouTube shorts has surpassed 50B daily views. Says YouTube music and YouTube premium surpassed 80M subscribers. Says Sunday ticket will help drive subscriptions, bring new users and create opportunities for creators. Says despite ongoing revenue headwinds in Q4, confident in YouTubes direction. Says meaningfully slowing the pace of hiring in 2023. Says most of workforce reduction impact will be seen in Q1 with $1.9B-$2.3B in severance costs Sees FY23 capital expenditures in line with FY22. Comments and guidance taken from Q4 earnings conference call.
Published first on TheFly
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