Alphabet Q2 revenue down 2%Christian Fernsby ▼ | July 31, 2020
Alphabet announced financial results for the quarter ended June 30, 2020.
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. ■