Google’s revenue climbs 13% in Q1, but company flags ad revenue slowdown

May 1, 2020 10:15

Revenues for Alphabet, the parent company of Google and YouTube, have climbed to US$41.159bn in the first three months of 2020 – a 13% increase on the same period last year.

Its largest source of revenue was advertising on Google, which brought in US$33.763bn, a 10.4% increase year-on-year. US$4.038bn came from YouTube ads, a 33.5% increase. Revenue from ‘Google Search and other’ was $24.502bn, an 8.7% increase.

The cost of Google’s revenues was US$33.182bn, while the company also spent US$6.820 on research and development. Sales and marketing costs were US$4.5bn, up 15.2%. In the first quarter of last year, Google paid US$1.697 in European Commission fines for abusive practices in online advertising. This quarter, that cost was down to zero.

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Vivienne Kelly

Vivienne Kelly was previously the editor of Mumbrella from 2016 to August 2020.

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