Technology
Google ad revenues falls 8% as company grapples with economic headwinds – Mumbrella
Internet advertising and search giant Google has conceded that even it is not immune from the economic downturn, with revenue for Q2 slipping slightly to US$38.297bn -a 2% decline on the same quarter last year. $29.867bn came from Google advertising, down 8% …
Internet advertising and search giant Google has conceded that even it is not immune from the economic downturn, with revenue for Q2 slipping slightly to US$38.297bn -a 2% decline on the same quarter last year. $29.867bn came from Google advertising, down 8% on last years US$32.949bn.
CEO of Google and its parent company Alphabet, Sundar Pichai, said the economic environment remains fragile, and noted its an uncertain time in the world.
The macroeconomic environment caused by the pandemic cre…
