admits crypto winter is hurting ad business.

Cryptocurrency prices have been in a slump for most of 2018, and it looks like the crypto winter is starting to take its toll on Google. The search giant has seen a decline in ad revenue from the cryptocurrency industry, as advertisers are pulling back on spending in the face of falling prices.

This is bad news for Google, which has been banking on the growth of the cryptocurrency industry to drive its ad business. The company had been seeing strong growth in ad revenue from the sector, but that growth has now stalled as the market downturn continues.

Subsection 1.2 The search giant is feeling the pain of the crypto winter as advertisers pull back on spending.

The slowdown in spending by cryptocurrency advertisers is having an impact on Google's bottom line. The company reported disappointing earnings for its most recent quarter, with revenues coming in below expectations. This miss was partly due to lower-than-expected ad revenues, which were down 4% year-over-year.