YouTube advertisements generated $15.15 billion in income in 2019, with $4.72 billion within the fourth quarter alone. The phase generated $11.16 billion in income in 2018, together with $3.61 billion within the the fourth quarter of that 12 months. The phase doesn’t embrace YouTube’s non-advertising income, like subscriptions for YouTube TV, that are included in Google’s different income phase.
Google’s cloud enterprise generated $8.92 billion in income in 2019, with $2.61 billion generated within the fourth quarter. That compares with 2018 fiscal 12 months income of $5.84 billion for the cloud enterprise, with $1.71 billion generated within the fourth quarter of that 12 months.
Shares of Google’s mum or dad firm Alphabet had been down about 3.5% after hours.
Analysts have lengthy referred to as for Google to report YouTube’s earnings individually, as it’s considered a considerable a part of its promoting enterprise. To put YouTube’s income in perspective of one other media firm, it generated extra from advertisements in 2018 than Discovery, which reported annual income of $10.6 billion in comparison with YouTube’s $11.16. Discovery has not but reported its full 12 months 2019 outcomes.