Alphabet first-quarter earnings offer a glimpse of how the digital ad market has fared amid stay-at-home orders
Google reported its weakest revenue growth in nearly five years in the first quarter as the pandemic-driven recession began to shrivel its advertising sales.
“It was the tale of two quarters,” Sundar Pichai, Google’s chief executive, told investors on a conference call on Tuesday. Typically – strong revenue growth in January and February was undercut by a “significant and sudden slowdown in advertising” in March, he said. “When I last spoke with you, no one could have imagined how much the world would change – and how quickly.”
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