News & Events

Alphabet beats earnings, says YouTube ad revenue was $15 billion in 2019 – Source CNET Tech


Stephen Shankland/CNET

Google parent company Alphabet for the first time gave investors a look at revenue for two key businesses: YouTube and Google Cloud. The video platform generated $15 billion in ad sales in 2019, up 36% from $11 billion the year before. Cloud revenue was $8.9 billion for the year, up 53% from $5.8 billion in 2018.

Alphabet on Monday announced financial results for the fourth quarter of 2019, and it marks the company’s first earnings report since Sundar Pichai took over as CEO of Alphabet, in addition to already running Google. The personnel change, however, didn’t make much of a difference. Pichai, along with CFO Ruth Porat, had been presiding over Alphabet’s earnings report and conference call for…

Read More…

Source CNET Tech

Source link