YouTube made 15 billion in ad revenue in 2019 – Yep, that makes them bigger than Viacom
Lemme hold $5, Alphabet.
Google’s parent company, Alphabet, just released its fourth-quarter earnings report, and this time there’s an interesting addition to the figures. For the first time, YouTube’s ad revenue has been explicitly reported, not just as part of Google’s overall revenue. This is the first time in the 15 years of Google’s ownership of YouTube that we’ve had a glimpse of the returns on the $1.65 billion investment Google made.
And holy heck, it’s a fuckton of money. Fifteen billion dollars in ad revenue last year from YouTube alone, nearly 10 percent of Google’s total revenue.
Holy SHIT, YouTube is making bank for Alphabet
If you’re not a Wall Street type, the earnings of any company are pretty dry reading. I mean, it’s pretty dry reading for those guys too, just they get paid a bunch of cash to do things with those reports.
Maybe it’s easier to put that whopping figure into things you could buy. Like the border wall, or you know, any of the actually altruistic things mentioned in that article such as solving half of the global food crisis. Or if baseball is your jam, you could be the proud owner of not just the New York Yankees, but also the Los Angeles Dodgers, Boston Red Sox, and the Chicago Cubs. You wouldn’t have any cash left to pay their salaries though, so maybe just buy the top 3?
To help put it in perspective, Viacom, who has a variety of entertainment subsidiaries, made $12.84 billion in 2019.
- YouTube has more than 20 million subscribers between the ad-free Premium service and YouTube Music
- Alphabet made $46 billion in revenue in the last quarter of 2019, with nearly $10.7 billion in pure profit
- Google Cloud made $2.6 billion in the same quarter
Even though Google’s profit was higher than its forecast, Wall Street still gave them an L and stocks in Alphabet are down four percent in after-hours trading.
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