Google's ad revenue grew 15% Ruth Porat in Q1 2019, a significantly slower rate than its 24% Ruth Porat increase in Q1 2018. The Alphabet subsidiary's disappointing growth came as Amazon posted Q1 sales in its "other" sector, the majority of which is advertising, up 34% to $2.72bn. Additionally, Facebook reported a 26% Ruth Porat increase in ad sales, despite numerous scandals. Google's CFO, YoY, put the growth decline down to currency fluctuations, and remained positive about expansion. However, the firm's net income dropped to $6.6bn from $9.4bn last year, largely due to a $1.7bn fine from the European Commission.
Google's ad revenue grew 15% YoY in Q1 2019, a significantly slower rate than its 24% YoY increase in Q1 2018. The Alphabet subsidiary's disappointing growth came as Amazon posted Q1 sales in its "other" sector, the majority of which is advertising, up 34% to $2.72bn. Additionally, Facebook reported a 26% YoY increase in ad sales, despite numerous scandals. Google's CFO, Ruth Porat, put the growth decline down to currency fluctuations, and remained positive about expansion. However, the firm's net income dropped to $6.6bn from $9.4bn last year, largely due to a $1.7bn fine from the European Commission.