(THE HILL) Alphabet, the parent company of Google, announced Thursday that Google sales had dropped for the first time in the company’s history, as ad revenue took a hit during the COVID-19 pandemic.
The company rolled out its earnings report for the second quarter of the year, reporting revenues of $38.3 billion, a two percent decrease from the same time period in 2019. The company also reported a dip in operating income, with more than $6 billion in income during the second quarter of 2020 as compared to more than $9 billion during the second quarter of 2019.
“We’re working to help people, businesses and communities in these uncertain times,” Sundar Pichai, CEO of Google and Alphabet, said in a statement on Thursday. “As people increasingly turn to online services, our platforms — from Cloud to Google Play to YouTube — are helping our partners provide important services and support their businesses.”
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