after Tuesday's close of market, and Wall Street has one big question: how badly is the pandemic hitting Google's ad business?
Alphabet is expected to report a $32.6 billion in revenue according to analysts polled by Bloomberg, which, at 10.6% above last year's results, would represent one of the slowest growth rates in the company's history. And some analysts believe even those forecasts could be too optimistic, given the economic slowdown triggered by the pandemic.
While Pichai now sits at the head of Alphabet, it was Google that generated more than 99% of Alphabet's revenue in 2019. Of that, 84% came from advertising – which should tell you why Alphabet is something of a bellwether for the wider digital ad industry, of whichThe Q1 earnings will be the second update since Sundar Pichai became the CEO of Alphabet.
$ 32.6 billion, up 10.6% year over year. It reported $29.48 billion of revenue on the same basis in Q1 2019.$29.86 billion. In the same period last year Alphabet reported $31.7 billion on the same basis.We'll be reporting Alphabet's full results as soon as they cross the wire,
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
American Express' volume dropped in Q1 thanks to the pandemic - Business InsiderAmex's US consumer proprietary billed business grew 9% annually in January and 11% YoY in February before plummeting 22% YoY in March. black centurion
Source: BusinessInsider - 🏆 729. / 51 Read more »
SUCCESS INSIDER: Here's how to start a side hustle without spending a dollar - Business InsiderOur regular newsletter for getting things done. Like how to use your stimulus check to start a side gig.
Source: BusinessInsider - 🏆 729. / 51 Read more »
INSIDER TODAY: Yes, we should waste billions and risk lives to get a vaccine - Business InsiderThe biggest enemy in the fight against the coronavirus pandemic is time. That means we need to risk a lot to develop a vaccine quickly. Start with bill gates and his family 'So there is literally almost nothing we shouldn't try to get us a vaccine quicker — even if that means building factories that make vaccines that don't work and conducting potentially deadly trials on volunteers.' OK, yeah, OK, sounds good... wait, what was that last part? Yes that's must...
Source: BusinessInsider - 🏆 729. / 51 Read more »
Sundar Pichai is leading Alphabet through its toughest challenge yet - Business InsiderSundar Pichai, who took control of Alphabet in December, is now leading the company as it faces its most difficult challenge yet. ‘India Brain Power’ runs several Big Tech corporations in USA. Some 500 of the ‘techies’ who came to USA to help with Y2K computer scare, stayed and became millionaires Don't forget that CEOs during this time would get the true experience in their careers. More enterprises are going through is really a hard time
Source: BusinessInsider - 🏆 729. / 51 Read more »
American Express' volume dropped in Q1 thanks to the pandemic - Business InsiderAmex's US consumer proprietary billed business grew 9% annually in January and 11% YoY in February before plummeting 22% YoY in March. black centurion
Source: BusinessInsider - 🏆 729. / 51 Read more »