by Julia Carrie Wong and agencies on (#52SP5)
Alphabet first-quarter earnings offer a glimpse of how the digital ad market has fared amid stay-at-home ordersGoogle reported its weakest revenue growth in nearly five years in the first quarter as the pandemic-driven recession began to shrivel its advertising sales.“It was the tale of two quarters,” Sundar Pichai, Google’s chief executive, told investors on a conference call on Tuesday. Typically – strong revenue growth in January and February was undercut by a “significant and sudden slowdown in advertising” in March, he said. “When I last spoke with you, no one could have imagined how much the world would change – and how quickly.” Continue reading...