Google reveals YouTube revenue for the first time

0
172

TNV Desk

This news desk focuses on keeping an eye on the latest political events and developments that takes place 24/7. Our team of journalists is highly well versed in handling all latest news happenings all around the globe.
TNV Desk

CFO of Alphabet and Google, Ruth Porat on Monday revealed the revenue generated by YouTube for the first time, disclosing that YouTube generated $15.1 billion in ad revenue in fiscal 2019.

In a statement, Porat said, “To provide further insight into our business and the opportunities ahead, we’re now disclosing our revenue on a more granular basis, including for Search, YouTube ads and Cloud.”

Through years, YouTube has seen a substantial rise in its ad revenue. According to the newly released numbers, YouTube generated $8.15 billion in ad revenue in fiscal 2017 and $11.15 billion in fiscal 2018.

This shows that YouTube ad revenue went up 36% since last year and 86% since 2017.

The ad-supported video site was founded in 2005, and was sold to Google a year later. It is regarded as one of the most powerful advertising business of Google.

LEAVE A REPLY

Please enter your comment!
Please enter your name here