YouTube brought in 5 billion ad revenue as the alphabet and Google back

Google’s parent company, Alphabet’s third-quarter revenue grew 14 percent year-over-year, boosting advertising revenue for both Google and YouTube. YouTube brought in তৃতীয় 5 billion in advertising revenue in the third quarter of 2020 – a sign that advertisers pushed back their spending due to coronaviruses earlier this year that anything could return to normal.

YouTube now has more than 30 million music and premium subscribers – 35 million including free trials – and YouTube TV has more than 3 million subscribers. That’s it Especially Strong, since YouTube TV announced a monthly price increase from $ 50 to $ 64.99 in June. And what could be the signs of the times, views for guided meditation videos on YouTube have increased by 40 percent since March, and DIY face mask tutorials have been viewed 1 billion times, Google CEO Pichai called on investors to negotiate earnings results.

In an appeal to investors, Alphabet and Google CFO Ruth Porat said, “We are pleased that advertisers have truly redistributed their budgets in the third quarter.” He added that this was evidence that customers were showing strong demand in almost all vertical spaces. “Increasing YouTube’s viewing time enables advertisers to reach viewers they can’t reach on TV.” The company has invested in adding content to give both creators and users a positive experience on YouTube, Porat said.

Google’s advertising division earned $ 3.1 billion, up from বিল 34 billion last year. YouTube ad revenue grew 30 percent from $ 3.8 billion in the third quarter of 2019.

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“This year, including this quarter, Google’s founders have shown how valuable products – search – have been to people,” Pichai said in the call.

This quarter was in sharp contrast to the disappointing second quarter of 2020, where Google’s revenue fell for the first time. Google returned to revenue in the third quarter with revenue of quarter 40.2 billion in the fourth quarter, compared to নিয়ে 40 billion a year and ১১ 11.24 billion in revenue, up from 0 0.06 billion last year.

Google’s “other” segment, which includes hardware, cloud services and the Play Store, had revenues ranging from $ 4.4 billion to 5. 5.4 billion. Its “other bets” segment – which includes Waimo and indeed $ 1.8 million – earned the company ১ 1.1 billion in losses, but worse than last year.

Google’s cloud division had revenue of ৩ 2.3 billion to $ 3.44 billion a year ago, and its search division had revenue of. 2.3 billion, $ 2.73 billion. Customers are moving toward the growing cloud, “to drive efficiency and reduce IT costs,” Pichai said, adding that the future of the job is creating a “significant increase in demand” for Google’s cloud products. He added that next quarter Google will expand its cloud segment as part of a separate report.

The company’s video conferencing platform Google Meet has 235 million daily meetings and more than 7.5 billion video calls, Pichai said.

Pichai added that the agency was ready to file a lawsuit with the judiciary last week, alleging that the internet giant has an illegal monopoly on search and advertising markets. “We believe that our products are making significant gains and we will make our case with confidence.” “The focus of our company remains on giving people choice and value as we continue our work to create a search product.”

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October 29 PM: Update 09 AM: Details have been added from the alphabet call with investors

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About the Author: Forrest Morton

Organizer. Zombie aficionado. Wannabe reader. Passionate writer. Twitter lover. Music scholar. Web expert.

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