New York: Alphabet, the parent company of Google and YouTube, has shared the first report of its kind, which says its children’s company, YouTube, made $ 15 billion last year.
Alphabet said revenue in 2019 was $ 4 billion more than 2018, which means that YouTube only made more than 25 percent this year.
According to the company, YouTube made $ 8 billion 100 million in 2017, while in 2018 it earned $ 11 billion 200 million.
In its earnings, YouTube did not include TV service and revenue stream revenue, but in this regard, the company’s CEO, Sunder Pachai, says the company will make an additional $ 3 billion in 2019.
Google reported in its report that it made $ 8 billion 900 million last year with the help of cloud service.
Similarly, the cloud service earned $ 5 billion 800 Million in 2018 and $ 4 billion in 2017.
Talking about the earnings from YouTube, Ruth Porte, YouTube’s chief financial officer, said that Google does not own all of the revenue, but rather distributes most of it to content creators.
According to Google reports, its earnings were estimated at $ 46 billion 94O million , but its revenue last year was $ 46 billion 800 million.
Your email address will not be published. Required fields are marked *
28 March, 2020