Alphabet Inc's Expenses Rise As Earnings Drop In Second Quarter
published 30.07.2020 23:40
Alphabet Inc's revenue breakdown for the second quarter of the fiscal year 2020 (Q2 FY2020) YouTube advertisement and non-advertisement revenues grew in the quarter as they joined Google Could in being the only segments of Alphabet's revenue segment that did not exhibit year-over-year drops in the second quarter.
Alphabet’s Ad Business Slows, But Investors Aren’t Listening Alphabet Inc Witnesses Strong Dip In Operating Income Far Outpacing Revenue Drop During Q2 FY2020 In addition to having decreased year-over-year, Alphabet's revenues have also dropped sequentially, as the company earned $41 billion during the previous quarter.
The company's operating income dropped significantly year-over-year during the quarter as it experienced blooming operating costs in a time when consumer spending has been hit hard by the coronavirus pandemic.
Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Google's parent company reported its earnings for the second quarter of the fiscal year 2020 today.
A drop in these costs was normal during a quarter in which Google cut down marketing and other spending to deal with economic slowdowns all over the world.