The earnings report from Google’s parent Alphabet allayed fears the pandemic could devastate the digital advertising revenue that is the internet company’s revenue engine. SAN FRANCISCO – Google’s parent company Alphabet on Tuesday announced an increase in profits and revenues in the first quarter, even as a coronavirus-induced economic crisis hit the ad in March. […]
Month: April 2020
Google’s revenue growth takes a hit as ad sales plummet
Google announced its weakest revenue growth in nearly five years as the pandemic-triggered recession began slashing advertising sales in the first quarter. This is good / bad news for Google. Ad sales are down, but usage of its products, including search and YouTube, is on the rise. In a conference call with analysts, Alphabet CEO […]