by Jeramy Johnson on (#56BHD)
Even mighty Google isn't immune from the pandemic's effects.What you need to knowGoogle'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 t...