Crown
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Google’s parent company Alphabet is shedding more light on YouTube, breaking out advertising revenue for the video platform for the first time.
In addition, Alphabet is reporting sales for Google Search and Google Cloud. The internet company released the new info in reporting results for the fourth quarter and full-year 2019.
YouTube had $15.15 billion in ad revenue for 2019, up 36% from $11.16 billion the year prior, according to Alphabet. For Q4 2019, YouTube advertising sales were $4.72 billion, a 31% year-over-year increase. YouTube’s ad revenue was $8.15 billion in 2017.
The company is breaking out results for YouTube, Search and Cloud to “provide further insight into our business and the opportunities ahead,” Ruth Porat, CFO of Alphabet and Google, said in a statement.
Full article and source: https://variety.com/2020/digital/ne...evenue-first-time-15-billion-2019-1203491155/
__________________
That's a lot of money! I knew it was a lot but didn't expect it to be that much! Thoughts?
In addition, Alphabet is reporting sales for Google Search and Google Cloud. The internet company released the new info in reporting results for the fourth quarter and full-year 2019.
YouTube had $15.15 billion in ad revenue for 2019, up 36% from $11.16 billion the year prior, according to Alphabet. For Q4 2019, YouTube advertising sales were $4.72 billion, a 31% year-over-year increase. YouTube’s ad revenue was $8.15 billion in 2017.
The company is breaking out results for YouTube, Search and Cloud to “provide further insight into our business and the opportunities ahead,” Ruth Porat, CFO of Alphabet and Google, said in a statement.
Full article and source: https://variety.com/2020/digital/ne...evenue-first-time-15-billion-2019-1203491155/
__________________
That's a lot of money! I knew it was a lot but didn't expect it to be that much! Thoughts?
