Breaking News

Noctua at Computex 2026 GIGABYTE announces AORUS GeForce RTX 50 Series AI BOX Sony Expands Professional Display Lineup with Crystal LED UNIFY PlayStation Plus Game Catalog for June 2026 Introducing the Razer Seiren V3 Pro

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Alphabet Warns of Difficult Quarter, Google Cloud and YouTube Expansion Help Fueled Q1 Results

Alphabet Warns of Difficult Quarter, Google Cloud and YouTube Expansion Help Fueled Q1 Results

Enterprise & IT Apr 29,2020 0

Alphabet Inc on Tuesday gave a better than expected estimate for quarterly revenue as its Google unit posted double-digit advertising growth despite the economic slowdown from the novel coronavirus.

Rising internet usage have driven Google to record revenues in the last few years. But the pandemic seems to have a negative impact to consumer spending.

“Given the depth of the challenges so many are facing, it’s a huge privilege to be able to help at this time,” said Sundar Pichai, Chief Executive Officer of Alphabet and Google. “People are relying on Google’s services more than ever and we’ve marshalled our resources and product development in this urgent moment.”

“Our business,led by Search, YouTube, and Cloud, drove Alphabet revenues to$41.2 billion, up 13% versus last year, or 15% on a constant currency basis,” said Ruth Porat, Chief Financial Officer of Alphabet and Google. “Performance was strong during the first two months of the quarter, but then in March we experienced a significant slowdown in ad revenues. We are sharpening our focus on executing more efficiently, while continuing to invest in our long-term opportunities.”

Porat told analysts on Tuesday that while users were searching more, they were looking up less commercial topics and advertisers were cutting spending.

“As of today, we anticipate the second quarter will be a difficult one for our advertising business,” Porat said.

Porat said search ad revenue had declined by a “mid-teens percentage” by the end of March compared with a year earlier.

Alphabet’s overall revenue in the first quarter was $41.2 billion, up 13% compared with the same period last year.

Sales came in at $33.71 billion, up 14% from a year ago. YouTube revenue jumped 33.5%, while Google Cloud’s top line soared 52%.

Google’s ads business generated about 83% of Alphabet’s revenue last year. Google ad sales were $33.8 billion, up about 10% from last year’s first quarter.

About 5.5% of Alphabet’s revenue last year came from cloud services for which Google charges businesses, schools and governments. The cloud business generated $2.8 billion in revenue, up 52% from a year ago. YouTube revenue jumped 33.5%.

Alphabet’s total costs and expenses rose about 12% from a year ago to $33.2 billion.

Alphabet’s first-quarter profit was $6.8 billion, or $9.87 per share.

Tags: AlphabetGooglefinance
Previous Post
AMD Reports Record Profits from Ryzen and Radeon, Zen 3 and RDNA 2 On Track
Next Post
Samsung Electronics Expects Q2 Results to Decline as COVID-19 Impact Demand of Core Products

Related Posts

  • Google announces Pixel 10, Pixel 10 Pro Fold and Pixel Buds 2a

  • Elevate your gameplay across mobile and PC

  • What’s new in Android 15, plus more updates

  • NVIDIA Teams Up With Google DeepMind to Drive Large Language Model Innovation

  • Google at CES 2024

  • Google introduces Gemini AI model

  • Google Cloud Launches AI-Powered Anti Money Laundering Product for Financial Institutions

  • Connecting all things Android at MWC Barcelona

Latest News

Noctua at Computex 2026
Cooling Systems

Noctua at Computex 2026

GIGABYTE announces AORUS GeForce RTX 50 Series AI BOX
GPUs

GIGABYTE announces AORUS GeForce RTX 50 Series AI BOX

Sony Expands Professional Display Lineup with Crystal LED UNIFY
Consumer Electronics

Sony Expands Professional Display Lineup with Crystal LED UNIFY

PlayStation Plus Game Catalog for June 2026
Gaming

PlayStation Plus Game Catalog for June 2026

Introducing the Razer Seiren V3 Pro
Enterprise & IT

Introducing the Razer Seiren V3 Pro

Popular Reviews

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

Endorfy Thock V2 Wireless Keyboard

Endorfy Thock V2 Wireless Keyboard

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

Soft2bet and the unseen hardware that makes instant play possible

Soft2bet and the unseen hardware that makes instant play possible

Crucial T710 2TB NVME SSD

Crucial T710 2TB NVME SSD

be quiet! Pure power 13M 750W

be quiet! Pure power 13M 750W

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed