A sharp falloff in travel advertising was undoubtably a significant contributor to the "significant slowdown" that Google's ad revenue experienced in March, and factors into the "difficult" second quarter that Google envisions for its advertising business. "It's going to last going forward, just like Gmail", she said.
Alphabet's overall revenue in the first quarter was $41.2 billion (roughly Rs. 3.13 lakh crores), up 13 percent compared with the same period previous year. YouTube generated $15.15 billion in ad revenue previous year, up 36%. "In addition, there was also reduced spending by our advertisers", admitted Porat.
Alphabet is the first of the tech giants to report earnings this week, revealing the first signs of the pandemic's toll.
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. "It's relatively easy to turn off and then back on, and marketers see it as highly cost-effective". For example, currently, Google Duo's low light mode is available on premium smartphones that can implement video enhancements in real time. It has seen its usage climb thirty-fold compared to last December. "We are sharpening our focus on executing more efficiently, while continuing to invest in our long-term opportunities". Meeting IDs and passwords are complex and randomised and the host has lots of controls to prevent Zoombombing, or Meetbombing, if you prefer.
Saudi Arabia abolished the death penalty for minors
A record 184 people were executed in the kingdom in 2019, according to human rights group Amnesty International. Before now, the courts could order the flogging of an individual who has been convicted of an offence.
The company said it is redoubling efforts to help its advertising customers and partners by sharing insights and developing new tools to keep them connected to their customers and help them be best positioned for recovery.
YouTube viewing has surged during the COVID-19 crisis and still accounts for the majority of mobile viewing.
"Compared with previous year, the biggest change in our outlook is a reduction in global office facility investments due to both the need to pause most of our ground-up construction and fit-out in response to COVID-19 and our decision to slow down the pace at which we acquire office buildings", Porat said.
Alphabet's total costs and expenses rose about 12 percent from a year ago to $33.2 billion (roughly Rs. 2.51 lakh crores), down from around 20 percent jumps in recent quarters. Google's cloud computing division, which includes G Suite, earned $2.8 billion, up 55 percent from the first quarter of 2019. As for what happens next quarter, Google's CFO Ruth Porat said it was going to be a hard quarter for the advertising business, which remains the company's biggest revenue driver by a big margin.