Alphabet to see advertising revenue decline this year but Facebook manages to grow

An overview of forecast advertising revenue growth for Alphabet and Facebook during the novel coronavirus (COVID-19) outbreak and into 2021.

Alphabet will record two consecutive financial quarters of advertising revenue decline as a result of the novel coronavirus (COVID-19) outbreak and future recession, according to forecasts from Pivotal Research.

Advertising revenue for the Google and YouTube parent company is expected to fall 8.9% in Q2 2020. This would be the first decline ever recorded and equal an absolute drop of $2.9bn from the previous year.

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