Alphabet Experiences First Revenue Decline in Its History

Google's parent company Alphabetannounced the results of the second quarter of 2020. The company, which said in a previous statement that they expected to see the effects of the coronavirus pandemic, said that for the first time in its history income drop He was right in his words by living it. 

According to Alphabet's statement, the company will launch in the second quarter of 2020. $37.4 billion generated revenue, but this revenue shows a 2 percent decrease compared to the same period last year. Alphabet, in the same period last year $38.8 billion announced income. of the company net income whereas $6.9 billion happened. This revenue was recorded as 9.9 billion dollars last year. When we look at search revenue, we see that it decreased from 23.6 billion dollars to 21.3 billion dollars.

YouTube's advertising revenue increased

Despite this general decline of Google YouTube's advertising revenues increased compared to last year. Popular video viewing platform, this year through advertisements $3.81 billion managed to generate income. The advertising revenue the company earned in the same period last year was 3.6 billion dollars.

Alphabet's CFO Roth Porat said in his statement about the revenues generated: "We continue to exist in a difficult global environment" he said. Google is a huge company that is progressing by regularly acquiring new companies with high potential. As a result, it has been continuously gaining more revenue growth compared to the previous year for many years. This year, we see that the coronavirus pandemic affects not only people with low income levels. GoogleIt also affected . Even though people were confined to their homes and used platforms such as YouTube, Instagram and Netflix during this period, companies, especially those whose income was generally based on "advertising", suffered some losses because they could not make new advertising agreements.