Microsoft Q3 2020: Bing Search Business revenue growth stalls due to COVID-19
1 min. read
Updated on
Share this article
Improve this guide
Read our disclosure page to find out how can you help MSPoweruser sustain the editorial team Read more
Microsoft’s search engine revenue growth, which has already been slowing, has run into a brick wall due to the COVID-19 crisis.
Search advertising revenue excluding traffic acquisition costs increased only 1%, down from 6% YoY growth in the last quarter.
Microsoft says Search was negatively impacted by reductions in advertising spend, particularly in the industries most impacted by COVID-19.
They warn that the full effects of the COVID-19 crisis may not be fully reflected in the financial results until later quarters.
See Microsoft’s full earnings results here.
User forum
0 messages