Google is about to show us just how much damage the pandemic has done - Business Insider

Wednesday's antitrust hearing

Google doesn't provide forecasts, but Google Chief Financial Officer Ruth Porat previously said the June quarter would be "difficult" for advertising.Analysts are expecting Google to report second-quarter revenue of $37 billion, which would represent a 4% year-on-year revenue drop. Those weak spots include areas such as travel and hospitality, medium-size businesses, and restaurants, which contribute significantly to Google's ad business and have seen a big pullback in the pandemic.

And as parts of the world begin to open back up, advertising spending on areas like travel may show an uptick. All expectations are that the second quarter will mark the lowest point for Google this year. "I think everyone is going to be watching how well the Google Cloud business is doing," Srinivasan said. "Given they're smaller than Amazon and Microsoft, we expect the growth rate should be the best among the three right now."

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.

Lean and mean business strategy blew up during coronavirus pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

How the pandemic changed Americans' Starbucks routine - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »