Google shares YouTube ad & cloud annual revenues - $16 & $9 billion Dollarsby Alicia Brown Application Developer
In the news today, it seems like the tech giant “Google” has finally opened up about its long-awaited earnings from YouTube and cloud services for the fiscal year 2019. It was never before this Monday when Google broke out the numbers for its streaming services in its fourth-quarter 2019 earnings report. Although the report did not bring in every financial detail about the brand’s revenues, this is still helpful to gauge the idea about the company's profitability.
YouTube Ads Revenue - 2018 & 2019:
In the fiscal year 2019, YouTube advertisements reeled in with $15.15 billion, with $4.72 billion in the fourth quarter alone. In 2018, this video site generated $11.16 billion revenue in 2018, incorporating $3.61 billion in the Q4 of that year. The report does not state YouTube's non advertising revenue, similar to memberships for YouTube TV, which are remembered for Google's other revenue sections.
Cloud Services Revenue - 2018 & 2019:
Google's cloud business revenue is reported to be around $9 billion, with $2.61 billion created in the final quarter. In 2018, $5.84 billion for the cloud business, with $1.71 billion produced in the final quarter of that year. A couple of content transfer apps are also used for
Google has leaped over this decision to reveal its revenues after a long time since the alphabet’s new CEO “Sundar Pichai” took the helm and promised a transparent approach. A few analysts were trusting that Pichai's rule would expedite a more detailed approach of its various other businesses. The organization conveyed, giving new revelations around cloud computing, manage data in another smartphone and advertisements on its video site, YouTube.
As stated above, YouTube brought in $15 billion yearly ad revenue, which is 35.8% higher than the last year 2018. CFO Ruth Porat said that the company distributes most of its income to its creators, thereby unveiling about the exact profitability numbers is nearly impossible.
Google has been under close watch by government and state controllers looking for any sign of hostile to competitive environment. An alliance of 50 attorney generals from various states and regions have declared their close investigations into Google's ad business. The new Monday report gives more bits of information to potential investors into the various segments of Google's ad business that might be an interesting realm to invest in.
Created on Feb 5th 2020 04:15. Viewed 112 times.