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Alphabet Q1 2020 Revenues $41.16 billion, Up 13pct Y-o-Y

         

engine

9:58 am on Apr 29, 2020 (gmt 0)

WebmasterWorld Administrator 10+ Year Member Top Contributors Of The Month



Alphabet has reported its Q1 results for 2020 and revenues are up to $41,159 billion, up 13% year-on-year, with an operating income of $7,977 billion, up 19% year-on-year.
"Performance was strong during the first two months of the quarter, but then in March we experienced a significant slowdown in ad revenues," Alphabet's Chief Financial Officer, Ruth Porat said. "We are sharpening our focus on executing more efficiently, while continuing to invest in our long-term opportunities."


$33.8 billion of Google's total quarterly revenue of $41.16 billion came from its advertising.

Clearly, the crisis of Covid-19 only impacted Google's revenues from March,.

PDF of First Quarter 2020 Results [abc.xyz...]

Previous quarter and year endAlphabet Q4 Revenues $46 billion, Year End, 2019, $162 billion [webmasterworld.com]

samwest

12:37 pm on Apr 30, 2020 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member Top Contributors Of The Month



We are sharpening our focus on executing more efficiently, while continuing to invest in our long-term opportunities."


In other words...traffic shaping for their own benefit. Expect to get robbed in April. The profits are obscene.

dpitfield

7:01 pm on Apr 30, 2020 (gmt 0)

5+ Year Member



Its insane that in this downturn and GDP in the US 4.8% down and expected approx 40% next quarter they can generate this gross income. Staggering numbers. Surely at some point consumer spending will effect advertising revenue?
Or will the fed simply keep supporting the economy and big businesses at all costs....seems that way to date.

mosxu

7:48 am on May 2, 2020 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member Top Contributors Of The Month



Yeah, very strange about half of small businesses stopped their ads because of COVID19

heisje

12:19 am on May 3, 2020 (gmt 0)

10+ Year Member Top Contributors Of The Month



Obscene!
.

shadowlight

12:28 pm on May 3, 2020 (gmt 0)

10+ Year Member Top Contributors Of The Month



Not suprised. When peoples traffic suddenly just drops, this is where it is being funneled too (ads).