Alphabet discloses YouTube revenue
Emailed on February 7th 2020 in The Friday Forward
Disclosing YouTube revenue separately for the first time, Alphabet said Monday that the Google-owned video site accounted for more than 10% of the company’s $46.1 billion in revenue last quarter, and more than $15 billion for the year.
Details from Alphabet’s fourth-quarter 2019 earnings, released Monday:
Revenue from YouTube ads came to $4.7 billion in the fourth quarter, up 31% year over year. It came to $15.1 billion for the full year 2019, up 36% from 2018.
Google Cloud revenue hit $2.6 billion for the quarter and $8.9 billion for the full year, up 53% in both cases.
Despite that aggressive growth, Google is still playing catch-up to market leaders Amazon and Microsoft when it comes to cloud computing.
Alphabet also saw strong overall bottom-line results, notching $15.35 earnings per share in Q4, compared to an analyst consensus estimate of $12.53, according to Refinitiv by way of CNBC.
While YouTube's numbers are impressive, it's a fraction of what YouTube could do in the future. YouTube is a massive deal for Alphabet and Google — it claims 2 billion logged-in users, or roughly a third of the internet.
