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It generated $15 billion last year not including 20 million Premium subscribers. https://www.theverge.com/2020/2/3/21121207/youtube-google-alphabet-earnings-re
by flocial 6y ago
It generated $15 billion last year not including 20 million Premium subscribers.
https://www.theverge.com/2020/2/3/21121207/youtube-google-alphabet-earnings-revenue-first-time-reveal-q4-2019 https://www.theverge.com/2020/2/3/21121207/youtube-google-al...
- AndrewUnmuted 6y agoThis is the first time Google has released this information. It’s also likely this is the first year that YouTube was profitable.
- jasode 6y ago>It generated $15 billion last year not including 20 million Premium subscribers. To clarify, that $15 billion is revenue and not net income/profit. Since Alphabet Inc didn't reveal the internal costs for Youtube, it means we still don't know if Youtube is losing money, or breaking even, or making a profit. So the gp's question of "how do we know it's making money?" is still unanswered. Another example to help differentiate revenue vs profit: Tesla "generated" $24 billion in revenue last year but it didn't "make money" because they still lost $862 million.[1] No profits. It doesn't help that the journalist of your The Verge article further confuses readers by incorrectly using the phrase "bottom line" instead of the "top line".[2] Revenue is actually the "top line". Net income/profit is the "bottom line": >, that the company has revealed how much money YouTube-hosted ads contribute to the search giant’s _bottom line_. On an annual basis, Google says YouTube generated $15 billion last year and contributed roughly 10 percent to all Google revenue. [1] https://www.google.com/search?q=tesla+revenue+2019+loss https://www.google.com/search?q=tesla+revenue+2019+loss [2] https://en.wikipedia.org/wiki/Income_statement https://en.wikipedia.org/wiki/Income_statement