Industry News

Alphabet-owned Google reported quarterly revenue dropped for the first time, with a second-quarter decline of 1.5% to $38.3 billion, fueled by an 8% year-over-year drop in ad sales to $29 billion. The company also reported a 6% revenue boost for YouTube, reaching $3.8 billion. While Google revenues were down, eMarketer's Nicole Perrin noted that "all three parts of Google's ad business outperformed our expectations for Q2, including a substantial beat for search revenues (down 10%) compared to our expectations of a 17% decline."

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