After Apple, Amazon and Microsoft, the results for the last fiscal quarter of Alphabet, the holding company that also controls Google: the numbers show that YouTube's turnover almost doubled and, alone, represents a third of Alphabet's total revenues.
Revenues were slightly lower than Wall Street analysts' expectations: $ 46.075 billion versus the expected $ 46.9 billion. Operating profit stood at $ 9.3 billion, again lower than analysts had expected on average ($ 9.9 billion) but with a 20% increase over the previous year.
Advertising accounts for most of the revenue of the group that recently hired Google CEO Sundar Pichai at the helm: 37.93 billion in total, compared to 33.91 billion in the third quarter of 2019 and 32.63 billion in the fourth quarter. 2018.
For the first time, YouTube revenue was highlighted, growing from $ 8.1 billion in 2017 to $ 11.5 billion in 2018 to $ 15.15 billion in 2019, about a third of Alphabet's total revenue. The video streaming service is a godsend for Google: it allows you to earn $ 28,822 per minute (and subscriptions are excluded).
Revenue from cloud services was also positive, with sales of 8.92 billion in 2019, of which 2.61 billion dollars in the last quarter alone. In the previous year, the cloud had reported revenue of $ 5.94 billion. The "Other Bets" section (the most risky bets on businesses such as drones, wearable devices, etc.) cost 2 billion more in the last three months of 2019 (a difference of 700 million dollars year on year).
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