Microsoft Misses Revenue Expectations, Citing Strong Dollar

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Microsoft Misses Revenue Expectations, Citing Strong Dollar
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The company touted its acquisition of video advertising platform, Xandr, as part of its new partnership with Netflix.

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In the earnings release, the company also cited “reductions in advertising spend,” which negatively impacted LinkedIn, as well as Search and news advertising revenue to the tune of more than $100 million. This was in addition to production shutdowns in China, scaled down operations in Russia, due to the war in Ukraine, and $113 million in employee severance expenses.

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