Digital AdvertisingWeakness in video advertising, driven by lower Monthly Active Users and changes in Google's browser, led to a 7.8% drop in digital advertising revenue.
Google Algorithm UpdateGoogle's search algorithm update caused a significant decline in Monthly Active Users, impacting organic traffic and leading to a decrease in community engagement.
Revenue PerformanceRevenues decreased by 7.9% year-over-year, falling below estimates due to a decline in Monthly Active Users.