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Alphabet Q2 revenue down 2%

Christian Fernsby ▼ | July 31, 2020
Alphabet announced financial results for the quarter ended June 30, 2020.
Q2   Alphabet
Alphabet reported nearly $38.3 billion in revenue for the second quarter, down 2% from the year prior.

Topics: Alphabet

Alphabet posted net income just shy of $7 billion.

"We continue to navigate through a difficult global economic environment," Alphabet CFO Ruth Porat said in a statement with the earnings report.

Advertising revenue across Google's properties declined 8% during the quarter, to $29.9 billion dragged down by a nearly 10% drop in Google Search advertising revenue.