What you need to know
- Google's parent company Alphabet just released its earnings report for the second quarter of 2020.
- The report showed total revenues of over $38 billion, but ad revenue was in decline.
- While the company beat its own projections, it still experienced a 2% decline in earnings compared to Q2 2019.
Google's parent company Alphabet just released its quarterly earnings report for the second quarter of 2020. While the company managed to beat its own projections in light of the COVID-19 pandemic, it experienced its first downward quarter year over year since it went public in nearly 16 years ago. Significantly, Google search and ad revenue was down year-over-year (down roughly 10%), although on the plus side, YouTube ad revenue was up slightly (up roughly 5%) and Google Cloud revenue continued to climb (up 43%).
Alphabet and Google CEO Sundar Pichai said that the company has been working hard to weather the current social and economic environment, and remains committed to helping its partners in business and education, as well as its general consumer base, make the best out of conditions through its properties like G Suite, Youtube, and Google Cloud. Alphabet and Google Chief Financial Officer Ruth Porat also acknowledged that the company is continuing to "navigate through a difficult global economic environment."
The quarterly earnings report comes hot on the heels of congressional oversight hearings on antitrust issues, involving Alphabet, Apple, Facebook, and Google. Pichai represented Alphabet and Google and took answered many heated questions about his company's policies and activities around search, copyright infringement, and perceived media bias.
With the backdrop of this less-than-desirable press, the company teased an announcement of its long-awaited Pixel 4a smartphone, which is scheduled to debut next Monday, August 3rd. While the phone isn't likely to make much of an impact on the company's Q3 earnings, it could serve to generate excitement and interest in Google properties in general. In fact, the Pixel 4a and rumored Pixel 5 are some of the most searched for topics on Android Central! Be sure to follow our comprehensive Pixel 4a coverage, news, and updates.
We may earn a commission for purchases using our links. Learn more.
When will my phone get Android 11?
There's a lot to look forward to with Android 11, but when will your phone actually get it? Here's everything we know!
PS5 snub shows just how little Sony cares about India
The PS5 and PS5 Digital Edition will be going on sale in most global markets starting November 12. But with Sony failing to reveal pricing and availability details for India, PlayStation fans are left guessing as to when Sony's next-gen console will make its debut in the country.
Everything you need to know about the Pixel 4a and Pixel 4a 5G
The Pixel 4a is now available, the Pixel 4a 5G is coming soon, and we've rounded up everything you need to know about both phones. Let's dive in!
Open your eyes to the world of Linux with the best laptops
Linux has been around forever, and you don't need a desktop computer in order to tinker around and use it. These are the best laptops made to run Linux and come in many different forms, and some of the options may surprise you.