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    GOOGL   US02079K3059

ALPHABET INC.

(GOOGL)
  Report
Delayed Nasdaq  -  04:00 2022-10-04 pm EDT
101.64 USD   +3.04%
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YouTube plans to launch streaming video service - WSJ

08/12/2022 | 06:35pm EDT
FILE PHOTO: YouTube logo at the YouTube Space LA in Playa Del Rey

(Reuters) - Alphabet Inc's YouTube is planning to launch an online store for streaming video services, the Wall Street Journal reported on Friday.

The company has renewed talks with entertainment companies about participating in the platform, which it is referring to internally as a "channel store", the report said, citing people close to the recent discussions.

The platform has been in the works for at least 18 months and could be available as early as this fall, the report added.

Alphabet did not immediately respond to a Reuters request for comment.

With more consumers cutting the cord on cable or satellite TV and shifting to subscription-based streaming services, the planned launch will allow YouTube to join companies like Roku Inc and Apple in a bid to gain a portion of the already crowded streaming market.

Earlier this week, the New York Times reported that Walmart Inc has held talks with media companies about including streaming entertainment in its membership service.

(Reporting by Tiyashi Datta in Bengaluru; Editing by Maju Samuel)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 3.04% 101.64 Delayed Quote.-29.83%
APPLE INC. 2.56% 146.1 Delayed Quote.-19.78%
ROKU, INC. 4.77% 62.4 Delayed Quote.-73.90%
WALMART INC. 1.30% 134.25 Delayed Quote.-8.40%
All news about ALPHABET INC.
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Analyst Recommendations on ALPHABET INC.
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Financials (USD)
Sales 2022 290 B - -
Net income 2022 68 149 M - -
Net cash 2022 131 B - -
P/E ratio 2022 19,7x
Yield 2022 -
Capitalization 1 331 B 1 331 B -
EV / Sales 2022 4,14x
EV / Sales 2023 3,68x
Nbr of Employees 174 014
Free-Float 89,4%
Chart ALPHABET INC.
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Technical analysis trends ALPHABET INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 51
Last Close Price 101,64 $
Average target price 141,98 $
Spread / Average Target 39,7%
EPS Revisions
Managers and Directors
Sundar Pichai Chief Executive Officer & Director
Ruth M. Porat Chief Financial Officer & Senior Vice President
John LeRoy Hennessy Chairman
John L Doerr Independent Director
Ann Mather Independent Director
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