YouTube ads generated $15.15 billion (€13.7bn) in revenue in fiscal 2019, with $4.72 billion in Q4 alone, reported parent company Alphabet. The figure is up from the $11.16 billion revenue in 2018, including $3.61 billion in Q4 of that year.

Ruth Porat, CFO of Google and Alphabet, said YouTube’s non-advertising revenue, such as subscriptions to YouTube TV, reached a $3 billion revenue run rate in Q4. On a conference call, Porat added that the majority of YouTube ad revenue goes to creators, though Google does reveal that number.

Google’s cloud business generated $8.92 billion in revenue in fiscal 2019, with $2.61 billion generated in Q4. For comparison, Amazon’s cloud business generated almost $10 billion in Q4. However, Google’s is fast-growing, rising more than 50 per cent year-on-year.

Other posts by :

1. Russian satellite tumbling out of control
2. FCC boss praises AST SpaceMobile
3. Rakuten makes historic satellite video call
4. Rocket Lab confirms D2C ambitions
5. Turkey establishes satellite production ecosystem
6. Italy joins Germany in IRIS2 alternate thoughts
7. Kazakhstan to create museum at Yuri Gagarin launch site
8. AST SpaceMobile gets $42 or $1500 price target
9. Analyst: GEO bloodbath taking place

Categories: Advertising, Articles, Business, OTT, OTT, Results, UGC