Google parent company Alphabet has released its fourth quarter and fiscal 2020 results. The numbers are staggering. The company had sales of $ 56.9 billion for the quarter ended December 31. This corresponds to an increase of 23 percent over the 46.1 billion US dollars in the previous year. CFO Ruth Porat said in a statement that revenue “was driven by Search and YouTube as consumer and business activity rebounded from the beginning of the year”.
This continues a trend of revenue growth we saw last quarter when Alphabet reported profits of $ 46.2 billion compared to $ 40.5 billion for the same period in 2019. Of the $ 56.9 billion for the quarter, $ 52.9 billion was from Google Services and $ 3.8 billion from Google Cloud. $ 196 million was earned by the Other Bets division. In total, Alphabet made $ 182.5 billion in 2020.