Google Holding Company Increasing Sales and Income, but Corporate Advertising Revenue Decrease in March 9:04 Apr 29
The holding company under the control of Google, a major American IT company, had a three-month settlement up to March, which saw both sales and final profit increase, leading to higher sales and profits. However, due to the spread of the new coronavirus, advertising revenue from companies has fallen sharply in March.
Alphabet of a holding company that owns Google announced on the 28th, the financial results for the three months from January to March this year, sales increased by 13% from the same period of the previous year to 41,159 million. It was a dollar (over ¥ 4.4 trillion in Japanese yen).
In addition, the final profit increased by more than 2% to $ 6,863 million (over ¥ 730 billion in Japanese yen), and the increase in sales and profit was achieved even though the spread of the new coronavirus infection adversely affected the performance of many companies.
However, while the spread of infections continues in various parts of the world, advertising revenue from companies has fallen sharply in March.
At the press conference, CEO Sunda Pichai said that it would depend on normalization of economic activities to see if corporate spending on advertising would recover, while maintaining long-term investment while improving business efficiency. I showed you the idea to proceed.