Facebook and Alibaba Gain Ground At Google's Expense
The Digital Media Global Competition Review provides an in-depth analysis of the results published in Strategy Analytics' Digital Media Index (DMI). DMI compiles digital media revenue figures from the quarterly financial filings of 44 publicly traded companies across games, video, music, and social media.
After a steep decline in Q1 2020 global digital media revenue saw modest improvement in Q2 2020 as the global economy began to recover somewhat from the COVID-19 pandemic. Among companies tracked, digital media revenue was $145.7B in Q2 2020, up 2.8% QoQ.
Alibaba ($3.1B), Sony ($1.3B) and Facebook ($950M) combined to account for nearly 58% of the net gain in digital media revenue in Q2 2020, among companies tracked. While Google alone accounted for nearly 55% of the net loss in digital media revenue.
In terms of absolute revenues, Google remains the DMI leader, generating $38.2B in revenues during Q2 2020, followed by Facebook with $18.6B, and Apple with $13.1B