MOUNTAIN VIEW (UNITED STATES), 31 (EUROPA PRESS)
Alphabet, parent of Google, obtained a net profit of 6,959 million dollars (5,854 million euros) in the second quarter of 2020, which represents a decrease of 30% compared to the result of the company in the same period of the year above as a consequence of the impact of the Covid-19 pandemic on the advertising business of the multinational.
In this way, the income of the technological giant between April and June suffered a drop of 1.7% compared to the second quarter of 2019, to 38,297 million dollars (32,218 million euros).
Specifically, the revenue of the search business fell 9.8%, to $ 21,319 million (17,935 million euros), while YouTube’s turnover increased 5.8%, to $ 3,812 million (3,206 million euros) and that of the cloud business by 43.2%, up to 3,007 million dollars (2,529 million euros).
“We continue to navigate through a difficult global economic environment,” said Ruth Porat, chief financial officer at Alphabet and Google, who highlighted the gradual improvement in the advertising business as the quarter progressed, as well as strong growth in Google Cloud.
In the first half of the year, Alphabet registered a net profit of 13,795 million dollars (11,605 million euros), 16.9% less than in the first half of 2019, while sales increased 5.5%, up 79,456 million dollars (66,844 million euros).
“We are working to help people, businesses and communities in these uncertain times,” said Sundar Pichai, CEO of Google and Alphabet.
“As people increasingly turn to online services, our platforms, from the cloud to Google Play and YouTube, are helping our partners provide important services and support their business,” he added.