YouTube Ups Q1 Revenue by $1 Billion

Google-owned YouTube continues to reign as the Internet’s top over-the-top video platform, generating more than $4 billion in first-quarter (ended March 31) ad-revenue. The tally topped the previous-year period that generated more than $3 billion.

YouTube revenue does not include the brand’s $50 monthly online TV platform, YouTube TV.

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Overall, Google parent Alphabet reported revenue of more than $41.15 billion, compared with revenue of $36.33 billion in the previous-year period.

Regardless, CFO Ruth Porat cautioned that while the company’s performance was strong during the first two months of the quarter, March experienced a significant slowdown in ad revenue due in large part to COVID-19 pandemic.

“We are sharpening our focus on executing more efficiently, while continuing to invest in our long-term opportunities,” Porat said in an April 28 statement.

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YouTube TV Tops 2 Million Subscribers

High-profile marketing around the World Series and Super Bowl is apparently paying off for Google’s proprietary online TV service, YouTube TV.

Google announced that the online TV service now has more than 2 million subscribers since launching in 2016. The tally puts the platform just behind Dish Network’s pioneering Sling TV with 2.68 million subs and Hulu with Live TV, reportedly at 2.7 million subs.

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YouTube (excluding $1.2 billion in ad-revenue from YouTube TV) generated more than $15 billion in advertising revenue in 2019 β€” up from $11 billion in 2018.

The tallies pale in comparison to overall revenue for Google parent Alphabet Inc.

β€œIn 2019 we again delivered strong revenue growth, with revenue of $162 billion, up 18% year over year and up 20% on a constant currency basis,” CFO Ruth Porat said in a statement.

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