Google first released YouTube revenue data, $ 15 billion in 2019
Google revenues disappointing. Results that are unconvincing and weighing on Google stocks on Wall Street for Alphabet, the holding company headed by Big G. The fourth quarter of 2019 closes with a turnover of 46.08 billion dollars, less than the 46.93 billion it was betting on Despite the bitterness, investors appreciate the push for greater transparency by Google which, for the first time, communicates in detail the results of YouTube is Google Cloud.
YouTube and Google Cloud smile
YouTube Music and YouTube Premium together reached 20 million paying users at the end of 2019. To reveal the data, for the first time, was the CEO of Alphabet, Sundar Pichai, on the occasion of the presentation of the financial results of the company.YouTube, the video platform that it has owned since 2006. In the last three months of 2019 the site has obtained almost 5 billion dollars in advertising revenues and in the whole year 15,5 billion dollars, equal to 10% of all Google revenues. According to these data, YouTube's turnover is almost a fifth of that of Facebook. From 2018 to 2019 then YouTube revenues grew by 36.5 percent.
In total Alphabet, the company that controls Google, got it a turnover of 46 billion dollars in the last three months of 2019, with a growth of 17% compared to 2018. The search engine continues to be the main source of revenues for the company, which generated 27.2 billion dollars in the quarter and 98.1 billion throughout 2019. Data on the revenues of Google Cloud, the cloud computing service, were also disseminated for the first time: 2.6 billion in the quarter. Profits for the whole group, on the other hand, were $ 10.7 billion.
The news of the breakdown of the results comes during the first quarterly of Pichai, promoted to CEO of Alphabet in December instead of the founders Sergei Brin and Larry Page. However, Brin and Page remain on the board of directors with the majority of voting rights, thus remaining firmly in control of Google's decision-making process.