(Bloomberg) — Alphabet Inc.’s revenue fell for the first time ever as the coronavirus pandemic and ensuing economic fallout forced advertisers to pull back spending.Ad sales, which make up the bulk of revenue at the Google parent, were $29.9 billion in the second quarter, down 8.1% from the same period last year. That’s the lowest they’ve been since the third quarter of 2018. Still, overall revenue, which slipped 2%, was slightly higher than analysts had expected. YouTube, the fastest-growing part of Google’s advertising empire before the coronavirus set in, brought in $3.8 billion, 6% more than last year.“We are cautiously …read more
Source:: Yahoo Finance
