2 billion people use YouTube | Million Subscribers on YouTube TV and Music
YouTube is watched by about two billion people every month, with most of them tuning in every week or so.
The company also has 20 million paid subscribers to its Music and Premium packages, and has another two million paid subscribers to YouTube TV.
YouTube earned $1 billion USD in 2019, and their total revenue was $15.1 billion USD last year -which is 10% of the company’s total annual revenue!
New CEO of Alphabet, Google’s parent company, Sudar Pichai releases annual figures by AMP and promises more transparency
The announcement of the overall financial results for the last quarter of 2019 wasn’t what investors were expecting, which led to damages for the company on Wall Street.
Fourth-quarter revenue was $46 billion and year-over-year it increased 17%. Quarterly earnings were $10.7 billion, and the company brought in $34.4 billion in 2019 as a whole.
As of the end of 2019, Google’s cloud revenue was nearly $8.9 billion, which lags far behind Amazon’s impressive revenue from cloud computing services.
But the company is quickly gaining ground with their revenue growth up 53% year-over-year according to reports from Reuters and the BBC.
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Author: PC-GR
The World of Technology
