Google CFO confirms company ‘experienced a significant slowdown in ad revenues’ in March
Google CFO Ruth Porat disclosed a slow down in the company's ad revenue as the global COVID-19 pandemic intensified in March. Google is out with their Q1 2020 earnings release, and the stock is up on a revenue beat. Sales came in at $41.2 billion for the search behemoth, but the CFO disclosed that the effects of the COVID-19 pandemic on advertising revenues began to be felt in March. Alphabet's stock jumped nearly $60/share on today's earnings release. “Performance was strong during the first two months of the quarter, but