Alphabet shares leap as Google beats estimates, but Cloud lags
4 years, 1 month ago

Alphabet shares leap as Google beats estimates, but Cloud lags

Al Jazeera  

Alphabet’s Cloud unit is losing $5.6bn a year, and the company has faced questions over whether it can spin the cash from its successful advertising business into a profitable new venture. Alphabet Inc on Tuesday beat fourth-quarter sales expectations as advertising customers unleashed budgets for the holidays, and the Google owner disclosed for the first time that its Cloud unit is losing $5.6bn a year. Google’s advertising business, including YouTube, accounted for 81 percent of Alphabet’s $56.898bn in fourth-quarter sales, which rose 23 percent compared with a year ago. Sales from small businesses Alphabet calls “other bets” including internet provider Google Fiber, artificial intelligence software maker DeepMind and health technology business Verily are separately grouped together.

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History of this topic

Alphabet share price dips 5% this week. Erodes $200 billion Mcap of Google brand owner
1 month, 2 weeks ago

Alphabet share price dips 5% this week. Erodes $200 billion Mcap of Google brand owner

Live Mint  

The multinational technology conglomerate and Google's holding company, Alphabet Inc., shares have lost 5 per cent this week, wiping off nearly $200 billion in market capitalisation, according to stock market data. The results showed that the company's growth slowed down in the Cloud segment compared to the market expectations, and the massive spending structure upset stock market investors as the …

Google shares slide on spending plans despite sales jump
1 month, 3 weeks ago

Google shares slide on spending plans despite sales jump

Raw Story  

by Alex PIGMAN Google's parent company Alphabet on Tuesday reported revenue jumped in the recently-ended quarter, but shares sank on concerns it may be pouring too much money into artificial intelligence. "We are pushing the next frontiers from AI agents, reasoning and deep research to state-of-the-art video, quantum computing and more," Alphabet chief executive Sundar Pichai said during an earnings …

Google’s ad sales rose at robust rate in holiday season, but AI-driven numbers let down investors
1 month, 3 weeks ago

Google’s ad sales rose at robust rate in holiday season, but AI-driven numbers let down investors

Associated Press  

SAN FRANCISCO — Google’s digital ad sales continued to grow at a healthy clip during the holiday season, but that wasn’t enough to offset investors’ worries about whether its big bet on artificial intelligence will yield as big a jackpot as once envisioned. The October-December results released Tuesday by Google parent Alphabet Inc. showed the company is continuing to reap …

Alphabet's Strong Performance Offers Clues for the Future of Google
4 months, 3 weeks ago

Alphabet's Strong Performance Offers Clues for the Future of Google

Live Mint  

Google's Q3 results show strong performance, with revenue and operating income exceeding Wall Street expectations. The company's cloud-computing operation, Google Cloud, saw significant growth, while its services segment generated a healthy profit despite some concerns about AI spending. Despite the challenges posed by antitrust cases, Alphabet is committed to delivering a robust bottom line and maintaining its status as a …

Alphabet beats sales estimates on Google Cloud growth, revenue jumps to $74.6 billion and shares rise 5%
4 months, 3 weeks ago

Alphabet beats sales estimates on Google Cloud growth, revenue jumps to $74.6 billion and shares rise 5%

Live Mint  

Google parent Alphabet Inc. reported third-quarter sales that climbed more than analysts expected, helped by robust demand for cloud computing services from companies racing to develop or adopt artificial intelligence. “In cloud, our AI solutions are helping drive deeper product adoption with existing customers, attract new customers and win larger deals,” Alphabet Chief Executive Officer Sundar Pichai said in the …

Here's how much Google's parent company, Alphabet, earned per second in first 3 months of 2024
10 months ago

Here's how much Google's parent company, Alphabet, earned per second in first 3 months of 2024

India TV News  

Here's how much Google's parent company, Alphabet, earned per second in first 3 months of 2024 Google's parent company, Alphabet, net profit dropped in 2022 due to various factors. According to a report on Tuesday, Google's parent company's net income increased by 615 percent over the past decade, which is 8 times more than Apple's and twice as much as …

Microsoft, Google post double-digit profit rises, boosting case for AI
11 months ago

Microsoft, Google post double-digit profit rises, boosting case for AI

Al Jazeera  

Google and Microsoft have reported double-digit profit increases, buttressing the case for the tech giants’ heavy investment in artificial intelligence. The quarterly results announced on Thursday by Google parent Alphabet and Microsoft came in ahead of expectations, sending their shares 11 percent and 4 percent higher, respectively, in after-market trades. Google chief Sundar Pichai said AI text-to-image model Gemini had …

Google parent reports another quarter of accelerating growth and its stock price soars
11 months ago

Google parent reports another quarter of accelerating growth and its stock price soars

LA Times  

The logo for Alphabet appears on a screen at the Nasdaq MarketSite in New York. Google’s corporate parent, Alphabet Inc., on Thursday released a quarterly report showing it’s still reaping double-digit revenue gains from its digital advertising empire while sowing potentially lucrative new ground in artificial intelligence. As has been the case since the company went public 20 years ago, …

Google Being Penny Wise, Pound Foolish: Spent over $2bn laying people off in 2023, $700mn in 2024
1 year, 1 month ago

Google Being Penny Wise, Pound Foolish: Spent over $2bn laying people off in 2023, $700mn in 2024

Firstpost  

Google spent a substantial $2.1 billion on severance packages and associated costs while downsizing its workforce by over 12,000 employees throughout 2023, as per a report by The Verge. Key contributors to this growth were Google’s core digital advertising and cloud computing businesses, which demonstrated consistent expansion, attributed by CEO Sundar Pichai to investments in generative AI. Despite the layoffs, …

Google parent Alphabet ad revenue disappoints, CapEx up; shares sink 6%
1 year, 1 month ago

Google parent Alphabet ad revenue disappoints, CapEx up; shares sink 6%

Live Mint  

Alphabet disappointed Wall Street on Tuesday as holiday-season advertising sales came in below expectations and the company said its spending on items such as servers to power artificial intelligence would jump this year. "Alphabet's disappointing ad revenue numbers suggest that corporations worldwide are still uncertain about the pace of interest rate cuts from global central banks," said Thomas Monteiro, an …

Google’s parent posts double-digit revenue growth in 4th quarter, but ad sales rise at slower pace
1 year, 1 month ago

Google’s parent posts double-digit revenue growth in 4th quarter, but ad sales rise at slower pace

Associated Press  

SAN FRANCISCO — Google’s corporate parent returned to double-digit revenue growth during last year’s final quarter, signaling the internet powerhouse has regained its footing even as it grapples with regulatory and competitive threats to its digital empire. The results announced Tuesday by Alphabet Inc. marked the third consecutive quarter of escalating revenue growth for the Mountain View, California, company, with …

Google paid $26 bln to be default search engine in 2021 - Bloomberg News
1 year, 4 months ago

Google paid $26 bln to be default search engine in 2021 - Bloomberg News

The Hindu  

Alphabet's Google paid $26.3 billion to other companies in 2021 to ensure its search engine was the default on web browsers and mobile phones, a top company executive testified during the Justice Department's antitrust trial, Bloomberg News reported on Friday. The amount of payments Google made for the default status has more than tripled since 2014, according to senior executive …

Google made $77 billion in July-September this year, but investors are unhappy. Here’s why
1 year, 5 months ago

Google made $77 billion in July-September this year, but investors are unhappy. Here’s why

Firstpost  

Google exceeded their revenue expectations from its search and ad businesses between July-September this year. However, their cloud services fell short, with an operating income of $266 million, against a projection of $434 million Google’s parent company Alphabet made a pretty sizeable $77 billion between the months of July-September this year. The company’s search advertising segment also performed well, bringing …

Google-parent Alphabet's cloud division misses revenue estimates, as Microsoft’s cloud booms
1 year, 5 months ago

Google-parent Alphabet's cloud division misses revenue estimates, as Microsoft’s cloud booms

The Hindu  

Google-parent Alphabet's cloud business crawled to its slowest in 10 quarters, sending the company's stock down 5.7% after hours, even as sales at rival Microsoft's cloud unit boomed. The drop in Google’s share price despite beating Wall Street estimates for profit and sales, shows how much investors want the company to deliver gains in artificial intelligence, and shows the cloud …

Alphabet Q3 result: Google Cloud miss overshadows earnings, shares fall over 5%
1 year, 5 months ago

Alphabet Q3 result: Google Cloud miss overshadows earnings, shares fall over 5%

Live Mint  

Google-parent Alphabet's cloud business missed revenue estimates, leading the company's share price to fall over 5% after hours. Google Cloud third-quarter revenue rose 22.5% to $8.41 billion, while it posted operating income of $266 million, compared with an operating loss of $440 million a year ago. By contrast, revenue from Microsoft's Intelligent Cloud unit, which houses the Azure cloud computing …

Google’s ad sales growth accelerated in 3Q, but investors are unimpressed with the performance
1 year, 5 months ago

Google’s ad sales growth accelerated in 3Q, but investors are unimpressed with the performance

Associated Press  

SAN FRANCISCO — Google’s digital advertising sales growth accelerated during the summer, advancing a recent revival that helped its corporate parent Alphabet Inc. to deliver a quarterly profit that exceeded analysts’ projections. The third-quarter results released Tuesday for the July-September period included a 9% increase in Google’s ad sales from the same time last year. The upturn was even better …

Google Is All About Cost Control Now
1 year, 10 months ago

Google Is All About Cost Control Now

Live Mint  

Google is working hard to do more with less. Its parent company, Alphabet Inc., posted decent first-quarter results late Tuesday—decent in the sense that overall revenue narrowly beat Wall Street’s dim expectations thanks to some surprising resilience in the core search advertising business and despite a continuing slump in YouTube ads. The signs here are better: Total operating profit of …

Google’s persistent ad slump weighs on Alphabet’s 1Q results
1 year, 11 months ago

Google’s persistent ad slump weighs on Alphabet’s 1Q results

Associated Press  

SAN FRANCISCO — Google’s advertising malaise persisted during the first quarter while the internet company also grapples with advancements in artificial intelligence technology that threaten to undercut its dominant search engine. An unprecedented downturn in Google’s digital ad revenue – the company’s main moneymaker for more than 20 years – came into sharper focus Tuesday with the release of the …

Google-parent Alphabet reports better than expected earnings
1 year, 11 months ago

Google-parent Alphabet reports better than expected earnings

Live Mint  

Alphabet Inc on Tuesday reported first quarter revenue above analysts’ estimates on higher demand for cloud services and better than expected ad sales. Alphabet reported revenue for the March quarter at $69.79 billion, higher than analysts’ forecasts. Ad sales at Google’s YouTube video site declined 2.5% in March quarter from last year period. Alphabet’s net income stood at $15 billion, …

Google Ad Revenue Expected to Drop for Second Straight Quarter
1 year, 11 months ago

Google Ad Revenue Expected to Drop for Second Straight Quarter

Live Mint  

Google is expected to report a second straight drop in advertising revenue, extending a rare decline as the company battles economic uncertainty and tries to capitalize on recent advances in artificial intelligence. Alphabet Inc., Google’s parent company, is expected to report $53.7 billion in ad revenue for the first quarter, a drop of 1.8% from the same period last year, …

Google shares drop $100 billion after its new AI chatbot makes a mistake
2 years, 1 month ago

Google shares drop $100 billion after its new AI chatbot makes a mistake

NPR  

Google shares drop $100 billion after its new AI chatbot makes a mistake Enlarge this image toggle caption Dan Kitwood/Getty Images Dan Kitwood/Getty Images Google's parent company, Alphabet, lost $100 billion in market value on Wednesday after its new artificial intelligence technology produced a factual error in its first demo. In the fateful ad that ran on Google's Twitter feed …

Google, Apple, Amazon give investors reason to fret
2 years, 1 month ago

Google, Apple, Amazon give investors reason to fret

The Hindu  

Wall Street had its eyes on Friday on big tech after some of the biggest companies in the world posted lacklustre quarterly financial performances. The company posted its first quarterly revenue drop in nearly four years after pandemic-driven restrictions on its China factories curtailed sales of the latest iPhone during the holiday season. Amazon reported worse-than-expected fourth-quarter profits, but its …

Alphabet posts lower Q4 profit amid ad squeeze, competition
2 years, 1 month ago

Alphabet posts lower Q4 profit amid ad squeeze, competition

Associated Press  

Google’s parent company Alphabet on Thursday posted lower profit and a small revenue increase for last year’s fourth quarter, as a decline in online ad spending and competition from rivals weigh on the search giant. Alphabet, like Facebook parent Meta, Amazon and other tech companies, is navigating a rough economic patch that’s especially hurting the online advertising market. In response …

Alphabet To Slash Headcount Growth By Half In Q4 As Revenue Grows At Slowest Pace
2 years, 5 months ago

Alphabet To Slash Headcount Growth By Half In Q4 As Revenue Grows At Slowest Pace

ABP News  

Sundar Pichai, chief executive officer of Alphabet, has said that his firm is planning to scale down the rate of hiring in Q4 of 2022 and for 2023 as the tech giant’s Q3 revenue grew at its slowest pace in more than two years, reported by CNBC. Shares of Alphabet sank about 7 per cent in extended trading on Tuesday …

Google parent Alphabet's miss fans inflation fears across digital advertising
2 years, 5 months ago

Google parent Alphabet's miss fans inflation fears across digital advertising

The Hindu  

Google parent Alphabet Inc.'s disappointing ad sales sparked worries across the digital media sector on Tuesday as advertisers cut back on their spending in the face of an economic slowdown. The negative results shattered many expectations that Google, which is the world's largest digital advertising platform by market share, would remain strong in a weakening economy and reinforced worries on …

Google’s ad sales slow dramatically, eroding parent’s profit
2 years, 5 months ago

Google’s ad sales slow dramatically, eroding parent’s profit

Associated Press  

SAN FRANCISCO — Summertime revenue growth at Google’s corporate parent slipped to its slowest pace since the pandemic jarred the economy more than two years ago, with advertisers clamping down on spending and bracing for a potential recession. Alphabet Inc., which owns an array of smaller technology companies in addition to Google, on Tuesday posted revenue of $69.1 billion for …

Google-parent Alphabet misses estimates for quarterly revenue
2 years, 5 months ago

Google-parent Alphabet misses estimates for quarterly revenue

Live Mint  

Google parent Alphabet Inc missed Wall Street estimates for quarterly revenue on Tuesday as advertisers cut back on their spending in the face of an economic slowdown. Last week, smaller rival Snap Inc's slowest-ever revenue growth rate sent inflation fears through tech sector and temporarily wiped out $40 billion in market capitalization. Google's advertising revenue was $54.48 billion in the …

YouTube wipes $7.6bn off owner Alphabet
2 years, 5 months ago

YouTube wipes $7.6bn off owner Alphabet

The Telegraph  

Google’s parent company suffered a sharp fall in its share price after revealing the first ever decline in advertising revenues at its YouTube video streaming service. It came as Microsoft revealed a slowdown in sales in its cloud computing arm, and the music streaming service Spotify announced that advertising revenue was growing more slowly than expected. We’re working to realign …

Alphabet’s revenue miss fans fears of economic slowdown
2 years, 5 months ago

Alphabet’s revenue miss fans fears of economic slowdown

Al Jazeera  

The negative results reinforced worries that inflation will continue to hurt advertising spending. Google parent Alphabet Inc has missed Wall Street estimates for quarterly revenue as advertisers cut back on spending in the face of an economic slowdown. Last week, smaller rival Snap Inc’s slowest-ever revenue growth rate sent inflation fears through the tech sector and temporarily wiped out $40bn …

Google’s ad sales take a beating, a bad sign for wider economy
2 years, 5 months ago

Google’s ad sales take a beating, a bad sign for wider economy

LA Times  

What’s happening at Google? Above, at the company’s campus in Mountain View, Calif. Summertime revenue growth at Google’s corporate parent slipped to its slowest pace since the pandemic jarred the economy more than two years ago, with advertisers clamping down on spending and bracing for a potential recession. YouTube sales were down: quarterly ad sales decreased 2% from a year …

YouTube’s quarter shows problems Meta may face: TikTok, weakening economy
2 years, 7 months ago

YouTube’s quarter shows problems Meta may face: TikTok, weakening economy

The Hindu  

Mostly reassuring financial results from Alphabet Inc included one concerning sign for social media companies: Its YouTube service posted its second difficult quarter in a row. This indicates that last week's disastrous earnings report by Snap Inc reflected problems not unique to Snap - and it could also spell trouble for Meta Platforms Inc, whose results are due later on …

Google’s parent reports slowest quarterly growth in 2 years
2 years, 7 months ago

Google’s parent reports slowest quarterly growth in 2 years

The Hindu  

Google’s revenue growth during the past quarter decelerated to its slowest pace in two years as advertisers reined in their spending amid intensifying fears of an economic recession. YouTube’s ad revenue rose by 5% from the previous year during the second quarter, the lowest rate of year-over-year quarterly growth since Alphabet began to disclose the video site’s financial results in …

Google’s parent reports slowest quarterly growth in 2 years
2 years, 7 months ago

Google’s parent reports slowest quarterly growth in 2 years

Associated Press  

SAN FRANCISCO — Google’s revenue growth during the past quarter decelerated to its slowest pace in two years as advertisers reined in their spending amid intensifying fears of an economic recession. YouTube’s ad revenue rose by 5% from the previous year during the second quarter, the lowest rate of year-over-year quarterly growth since Alphabet began to disclose the video site’s …

Alphabet misses on revenue as YouTube falls short, inflation pressures ad sales
2 years, 10 months ago

Alphabet misses on revenue as YouTube falls short, inflation pressures ad sales

The Hindu  

Google parent Alphabet Inc on Tuesday reported first-quarter revenue below expectations as YouTube sharply missed Wall Street targets and ad sales were pressured by supply-chain and inflation concerns and the war in Ukraine. Alphabet said first-quarter sales were $68.01 billion, 23% higher than last year but below the average estimate of $68.1 billion among financial analysts tracked by Refinitiv, its …

Google parent Alphabet misses estimates on YouTube, Europe ads
2 years, 11 months ago

Google parent Alphabet misses estimates on YouTube, Europe ads

Al Jazeera  

Google parent Alphabet Inc. reported first-quarter revenue that fell short of analysts’ expectations, a rare miss for the technology giant reflecting slower ad sales in Europe and a lackluster performance by its YouTube video service. Google’s second-largest business line, its network system that runs ads elsewhere on the web, was likely limited by new regulations in Europe that restricted ad …

Amazon trots out YouTube-sized advertising business
3 years, 1 month ago

Amazon trots out YouTube-sized advertising business

The Hindu  

Amazon pulled the veil off its sprawling advertising business for the first time on Thursday, revealing a business larger than that of Google's YouTube. Analyst Benedict Evans on Twitter said that made Amazon's ad revenue similar in size to the entire global newspaper industry, and Statista put global newspaper annual ad spending at $29.5 billion. An Amazon official however told …

Google propels record Alphabet revenue, driving shares up 8%
3 years, 1 month ago

Google propels record Alphabet revenue, driving shares up 8%

The Hindu  

Google parent Alphabet Inc reported record quarterly sales that topped expectations on Tuesday, as its internet advertising business surged on consumers using Google search as they shopped online and advertisers upping their marketing budgets. Alphabet's sales jumped 32% to $75.3 billion in the fourth quarter, for a third straight quarterly sales record and topping the average estimate of $72 billion …

Google’s Q4 ad sales soar again, parent plans to split stock
3 years, 1 month ago

Google’s Q4 ad sales soar again, parent plans to split stock

Associated Press  

SAN RAMON, Calif. — Google’s digital advertising empire turned in another strong performance during the holiday shopping season, propelling a 36% increase in its corporate parent’s profit during the final three months of 2021. In last year’s October-December period, Google raked in $61.2 billion in ad sales, a 33% increase from the same period in the previous year. Lowering the …

Google parent Alphabet beats earnings expectations
3 years, 1 month ago

Google parent Alphabet beats earnings expectations

Al Jazeera  

The search-engine giant’s internet advertising and cloud computing businesses benefitted from a surge in online shopping. Alphabet Inc and its Google unit on Tuesday reported higher-than-expected fourth-quarter sales as the search-engine giant’s internet advertising and cloud computing businesses benefitted over the holiday season from the growing surge in online shopping. The company’s third straight quarter of record sales reflects the …

Google parent Alphabet posts profit over $18 billion in third quarter; Twitter suffers $537 million loss
3 years, 4 months ago

Google parent Alphabet posts profit over $18 billion in third quarter; Twitter suffers $537 million loss

Firstpost  

From July to September, its video service sold $7.2 billion of advertising space targeted according to content and users, against $5 billion in the same period last year, according to Alphabet San Francisco, United States: Google’s parent company Alphabet announced profits Tuesday that jumped to $18.9 billion, even as the online colossus faces increased regulatory pressure and shifting of the …

Google growth marred by disappointing result in YouTube, cloud computing sectors
3 years, 4 months ago

Google growth marred by disappointing result in YouTube, cloud computing sectors

Hindustan Times  

Google parent Alphabet Inc. reported quarterly sales that topped Wall Street estimates, reflecting robust advertiser spending, but disappointing results from its YouTube and cloud-computing divisions weighed on the stock. Chief Executive Officer Sundar Pichai has tried to keep Alphabet’s revenue engine chugging along by prioritising three areas: e-commerce, YouTube, and cloud computing. Chief Financial Officer Ruth Porat said on a …

Alphabet beats expectations on Google ad spike
3 years, 5 months ago

Alphabet beats expectations on Google ad spike

Al Jazeera  

Through its search engine, Google sells more internet ads than any other company. Google owner Alphabet Inc on Tuesday beat expectations for third-quarter revenue, a positive sign that its advertising business is overcoming new limits on tracking mobile users and sending its shares up slightly. Through its search engine, YouTube video service and partnerships across the Web, Google sells more …

Google parent sees record quarterly profits on back of retail ads
3 years, 7 months ago

Google parent sees record quarterly profits on back of retail ads

Al Jazeera  

With consumers spending more time online during the pandemic, retailers have been pushing to reach them there. Google parent Alphabet Inc’s quarterly revenue and profit surged to record highs, the company reported on Tuesday, powered by a rise in advertising spending as more consumers shopped online. Advertising revenue for the company’s streaming video platform YouTube jumped 83.7 percent from the …

Google’s Q1 ad sales surge 32%, Alphabet profit doubles
3 years, 10 months ago

Google’s Q1 ad sales surge 32%, Alphabet profit doubles

Associated Press  

SAN RAMON, Calif. — Google’s digital advertising network has shifted back into high gear, with its corporate parent reporting profit that more than doubled after an unprecedented setback during the early stages of the pandemic. “It’s too early to say how durable this consumer behavior will be as economies recover and restrictions on mobility are lifted,” said Ruth Porat, chief …

Alphabet’s stock jumps on beating sales forecasts, new $50-billion share buyback
3 years, 10 months ago

Alphabet’s stock jumps on beating sales forecasts, new $50-billion share buyback

LA Times  

Google CEO Sundar Pichai testifies during a House Judiciary subcommittee hearing on antitrust last year in Washington. Google parent Alphabet Inc. reported quarterly sales that topped Wall Street estimates, powered by an increase in digital ad spending by businesses looking to expand during the pandemic reopening. Ruth Porat, chief financial officer, said the results “reflect elevated consumer activity online and …

Google ads, cloud boost Alphabet Inc's profits to $15.2 billion in Q4 2020
4 years, 1 month ago

Google ads, cloud boost Alphabet Inc's profits to $15.2 billion in Q4 2020

Firstpost  

Google’s digital advertising empire is regaining the momentum it lost during the pandemic’s early stages as its YouTube video service matures into a major marketing magnet and other companies pour more into promotions aimed at cooped-up consumers with money to spend. The Mountain View, California, company also disclosed that a change to account for Google’s computer servers and other equipment …

Microsoft beats quarterly revenue estimates thanks to remote work
4 years, 4 months ago

Microsoft beats quarterly revenue estimates thanks to remote work

Al Jazeera  

Microsoft said revenue in its ‘Intelligent Cloud’ segment rose 20 percent to $13bn in the first quarter. Microsoft Corp beat Wall Street estimates for quarterly revenue on Tuesday, powered by growth in its flagship cloud computing business as the software giant continued to benefit from a global shift to remote work and e-learning. Microsoft said revenue in its “Intelligent Cloud” …

Google Parent Alphabet Suffers First Revenue Loss in Company History Due to Covid-19 Fallout
4 years, 7 months ago

Google Parent Alphabet Suffers First Revenue Loss in Company History Due to Covid-19 Fallout

News 18  

Despite strong growth in Google Cloud, Alphabet saw its revenue declining for the first time to $38.3 billion in the quarter that ended June 30. "We're working to help people, businesses and communities in these uncertain times," said Alphabet and Google CEO Sundar Pichai. "As people increasingly turn to online services, our platforms — from Cloud to Google Play to …

Alphabet’s revenue fell for first time ever as Covid hit ads
4 years, 7 months ago

Alphabet’s revenue fell for first time ever as Covid hit ads

Live Mint  

Alphabet Inc.’s revenue growth machine ground to a halt for the first time in the company’s two-decade history, stopped by the coronavirus pandemic and ensuing economic fallout that forced advertisers to pull back spending. But Google’s ad sales were picking back up again by the end of the quarter, Chief Financial Officer Ruth Porat said on a conference call. “We …

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