Ad revenue: $65.5 billion vs. $65.8 billion expected ($59.04 billion in Q4 2022)

Right, they got $300 million less than expected.

Which means they only got 99.544072948% of what the analysts expected.

That means they missed analyst expectations by 0.455927052%.

Not for total Revenue. Not for EPS. Not for net income. Not for diluted EPS. For the one category, Ad Revenue.

Resulting in a 6% after-market drop.

0.455927052% miss. 6% drop.

I think it's entirely possible that people focus too much on short term metrics and not enough on long-term growth.