Google’s ad revenue could drop for the first time ever because of the coronavirus

[Andy Meek]

• The COVID-19 coronavirus outbreak is having a massive impact on the world economy, having recently been the impetus in the US alone for a $2 trillion stimulus package passed by Congress.
• Analysts are starting to think the virus is going to cause something to happen at Google that's never happened before -- a year-over-year decline in quarterly advertising revenue.
• Visit BGR’s homepage for more stories.

The big tech giants have already started acknowledging how much of a bite the coronavirus pandemic is going to eat out of their revenue, with Facebook disclosing a massive hit and Twitter totally scrapping its previously offered financial estimate for the first quarter.

And then there's Google, where analysts are starting to project that the impact of the deadly virus is going to do something that's never happened before at the search giant whose fortunes still rely so heavily on advertising. Indeed, some analysts think Google will show its first-ever decline in ad revenue when it reports results for the upcoming quarter.

Continue reading...

Today's Top Deals

1. Today’s top deals: Massive Anker sale, $25 Fire TV Stick 4K, $14 headphones, $5 Alexa smart plugs, $20 home cam, more
2. Crazy Amazon sale gets you a free video game or board game when you buy two
3. Today’s best deals: $9 wireless charger, Fire TV Stick deals, UV phone sanitizers, $20 home camera, Fitbit sale, more

Trending Right Now:

1. Coronavirus update: Here’s an estimate of when the worst will hit your state
2. A cat just tested positive for coronavirus
3. AT&T adds another freebie to help customers stay connected during the coronavirus crisis

Google’s ad revenue could drop for the first time ever because of the coronavirus originally appeared on BGR.com on Tue, 31 Mar 2020 at 21:09:36 EDT. Please see our terms for use of feeds.

Via BRG - Boy Genius Report