US technology giant Alphabet Inc. has announced for the first time the advertising revenue generated by its YouTube video recording platform, which, in the fourth quarter of 2019, was 4.7 billion dollars, and last year as a whole 15 , $ 1 billion, DPA and Reuters report.
In addition, YouTube has generated about $ 750 million in subscriptions and other revenue, excluding advertising, Alphabet CEO Sundar Pichai said. He said that YouTube has 20 million paid subscriptions for its “Music” and “Premium” channels and, separately, two million subscribers for the television service, writes Agerpres.
Alphabet Inc., the parent company that owns the online search engine Google, reported total revenue below analysts’ estimates in the last quarter of 2019 of $ 46.1 billion, an advance of about 17% over the same period in 2018. But the results show the slowest growth in five years, with analysts forecasting revenues of $ 46.94 billion.
Investors reacted, and the price of Alphabet shares fell by almost 5% on Monday. In the last 12 months, shares have risen by more than 28%, while shares of Facebook have risen by 21.8%, those of Amazon – by 23.5%, those of Microsoft – by 68.1%, and in the case of Apple by 88.7%.
Alphabet’s quarterly net income rose to $ 10.7 billion, or $ 15.35 per share, while analysts expected $ 8.78 billion, or $ 12.53 per share.
