Alphabet, which includes Google and other companies owned by Google, announced its financial results for the first quarter of 2020. It was announced that revenues of $ 41.16 billion were generated in this quarter, which covers January – March and is severely affected by corona virus.
When we compare it with 36.34 billion dollars in the first quarter of 2019, there is a 13 percent increase. Alphabet and Google CEO Sundar Pichai said in a speech to investors that search engine, YouTube and cloud services continue to serve people intensively.
Google searches have increased! More Android apps are downloading!
Although the virus did not show much effect in January and February, advertising revenues were hit hard in March. Pichai said that searches for corona viruses quadrupled the search intensity reached in the Super Bowl.
Similarly, the use of YouTube has increased drastically. While Pichai did not disclose any data on this subject, he stressed that the number of live broadcasts has increased significantly. This situation can be observed easily by the end user.
During the quarantine process, users started to spend more time with their phones. In this context, the number of applications downloaded from the Google Play Store in March increased by 30 percent compared to February. While Google has more than 2.5 billion active Android devices, it was announced that there was a decrease in device activations due to a serious decrease in phone sales.
It is stated that the use of Classroom and Chromebook sales have also increased. We will see together what will happen in the next quarter. However, Google’s CFO, Ruth Porat, said it would be a difficult time for advertising.