Alphabet Reports First-Ever Revenue Decline in Company History

It reported a 1.5% drop from the same time last year, but beat analyst expectations

Alphabet, the parent company of Google, reported revenues of $38.3 billion for the second quarter of 2020, a time marked by significant economic disruption due to the Covid-19 pandemic. As analysts expected, this was the first time in the company’s history that its revenues fell year over year.