Google’s revenue is helped by its Google Cloud Platform, which has generated $8.92 billion in revenue in fiscal 2019. For the fourth quarter of 2019 alone, it reported $2.61 billion earnings.
With $8.92 billion in revenue in fiscal 2019, with $2.61 billion generated in the fourth quarter, this segment pushed the company’s earning trajectory upward.
The cloud business, even from other vendors Microsoft Azure and Amazon Web Services, is a big contributor to company earnings as digital transformation is being pushed across all organizations be it in public or private sector.
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The report also marked the first time Google breaks down the earnings of one of its most popular business, YouTube, which is at $15.15 billion in ad revenue in fiscal 2019, with $4.72 billion earned in the fourth quarter alone. Compared to 2018, YouTube had revenue of $11.16 billion.
Google has since moved from being a search engine company to a giant technology company with diversified services. It has been selling targeted ads across the web. Since acquiring YouTube in the last quarter of 2006 for $1.65 billion, this year marked the first time the company shared its earnings.
Google’s total ad revenue is at $37.93 billion in Q4 compared to $32.63 billion last year.