pandemic economy Coronavirus

Google's Growth Slows as Pandemic Infests Advertising Market

Reading now: 553
www.billboard.com

Google reported its weakest revenue growth in nearly five years as the pandemic-driven recession began to shrivel its advertising sales in the first quarter.

The January-March earnings for Google parent Alphabet offer a first look at how the digital ad market has fared amid widespread orders requiring consumers to stay at home.

Those restrictions have given most advertisers little incentive to market their products and services. The results released Tuesday provide an incomplete picture because ad demand in most parts of the world wasn’t hit hard until late February and early March.

That’s when the coronavirus outbreak accelerated and governments imposed lockdowns to fight it. Alphabet CEO Sundar Pichai acknowledged during a conference call

Read more on billboard.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA