Home > Brands > Google > Search, YouTube Fuel Strong Finish To 2020 For Alphabet

Search, YouTube Fuel Strong Finish To 2020 For Alphabet

Google parent company Alphabet has reported almost $57 billion USD in revenue for the fourth quarter of 2020, driven by a recovery in ad spending.

Revenue over Q4, including the holiday season, increased 23 per cent year on year from $43.2 billion in Q4 2019. Net income was $15.2 billion USD.

Ruth Porat, CFO of Google and Alphabet, hailed a comeback in ad revenues, with advertising units bringing in $46.2 billion over the three months to December 31.

“Our strong fourth quarter performance, with revenues of $56.9 billion, was driven by Search and YouTube, as consumer and business activity recovered from earlier in the year.

“Google Cloud revenues were $13.1 billion for 2020, with significant ongoing momentum, and we remain focused on delivering value across the growth opportunities we see,” she said.

Revenues in the Asia-Pacific region jumped 30 per cent in constant currency, from $7.48 billion in Q4 2019 to $9.75 billion in Q4 2020.

It was also a good fiscal year for Alphabet, which brought in $182.5 billion total revenue and net income of $40.27 billion over 2020. One weak point was Cloud, however, which lost $5.6 billion USD last year.

You may also like
Google Adds New Tools For Remote Workers
Google Stops Selling Ads Based On Individual Browsing History
Code Launched To Stem Fake News
French Say Google Broke Rules Over News Talks
Google Quits Major Project