Saturday August 15, 2020

Google ad revenue disappoints as rivals gain ground

People have been increasingly going straight to Amazon.com to hunt for products, allowing it to grab a larger share of the digital ad market

30th April, 2019
2
Google growth slowed in first quarter. Pic: Getty

Shares in the company fell more than 6 per cent following the results on Monday night, though they had hit a record level earlier in the day and are up around 20 per cent so far this year.

Sales came in at $29.5 billion, excluding payments to distribution partners, Alphabet said. Wall Street was looking for $30.04 billion, according to the average of analysts’ estimates compiled by Bloomberg.

Revenue from Google advertising rose 15 per cent from a...

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