Alphabet discloses YouTube ad revenues of $15.15 billion, Cloud revenues of $8.92 billion for 2019
Summary
Google broke out numbers for its YouTube and Cloud businesses for the first time in its fourth quarter 2019 earnings report Monday. Analysts have long called for Google to report YouTubes earnings separately, as it is thought to be a substantial part of its advertising business. In July, Google said its cloud unit had just reached $8 billion in annualized revenue and planned to triple its sales force over the next few years. The move toward greater transparency comes during CEO Sundar Pichais first earnings report leading Googles parent company, Alphabet. Former Alphabet CEO and Google founder Larry Page stepped down from the position in December, leaving Pichai in charge of the broader business.
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