Enlarge / Google logo seen during Google Developer Days (GDD) in Shanghai, China, September 2019. (credit: Lyu Liang | VCG | Getty Images)
Google has suffered its first recorded revenue decline, as the coronavirus crisis wiped 8 percent from advertising income in the latest quarter and depressed parent company Alphabet’s revenues by 2 percent from the year before.
Despite the unprecedented fall-off in its core business, however, Google executives said conditions had improved as the quarter progressed, and offered cautious optimism for a return to growth in the current period.
Sundar Pichai, chief executive, said Google had seen “the early signs of stabilization, as users returned to commercial activity online.”
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