Alphabet Posts $41.2 Billion Q1 Revenue Amid 'Significant Slowdown'

Google parent saw strong performance the first 2 months before a dip in March

Alphabet, the parent company of Google, today reported revenues of $41.2 billion for the opening quarter of 2020, a period when the global economic impact of Covid-19 was beginning to make itself felt.

Total revenue for the period was up 13% year over year, down from the 17% revenue growth the online advertising behemoth recorded during the opening quarter of 2019 when revenue for the quarter was $36.3 billion.

Earlier today, the company posted its latest quarterly earnings update with Alphabet and Google CEO Sundar Pichai describing the quarter as an “urgent moment.”

Total advertising revenues for the quarter were $33.8

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