Live: Here come Google and Alphabet's Q1 earnings
after Tuesday's close of market, and Wall Street has one big question: how badly is the pandemic hitting Google's ad business?
Alphabet is expected to report a $32.6 billion in revenue according to analysts polled by Bloomberg, which, at 10.6% above last year's results, would represent one of the slowest growth rates in the company's history. And some analysts believe even those forecasts could be too optimistic, given the economic slowdown triggered by the pandemic.
While Pichai now sits at the head of Alphabet, it was Google that generated more than 99% of Alphabet's revenue in 2019. Of that, 84% came from advertising – which should tell you why Alphabet is something of a bellwether for the wider digital ad industry, of whichThe Q1 earnings will be the second update since Sundar Pichai became the CEO of Alphabet.
$ 32.6 billion, up 10.6% year over year. It reported $29.48 billion of revenue on the same basis in Q1 2019.$29.86 billion. In the same period last year Alphabet reported $31.7 billion on the same basis.We'll be reporting Alphabet's full results as soon as they cross the wire,
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