YouTube and Search continue to make Alphabet tons of money

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.

Leave a Comment