Google gets more than eighty percent more revenue from YouTube ads

YouTube advertising revenue is up 83.7 percent in a year. In the second quarter of this year, these ads earned Google $ 7 billion. YouTube ads therefore account for 11.3 percent of Alphabet’s total turnover.

Alphabet’s CEO Sundar Pichai says to have seen increased online activity “in many parts of the world” over the past quarter, which has boosted the company’s sales. The fact that advertisers want to spend more money has also contributed to this. Alphabet’s entire quarterly revenue was $61.9 billion, up 62 percent from a year earlier.

The largest absolute increase came from Google Search and others. Here quarterly advertising revenue increased by $14 billion to $35.85 billion. Advertising revenue with Google Network also increased, bringing in a total of $50.44 billion for Google from advertising. That is twenty billion dollars more than a year earlier.

Google Cloud revenue rose by more than 50 percent to $4.63 billion. However, this branch does not make a profit; the loss is $591 million. This quarterly loss is getting smaller; last year it was still $ 1.426 billion.

In addition to Cloud, ‘Other Bets’ also lost. Other Bets include the sale of internet services, licenses and R&D services. The turnover from this branch amounted to 192 million dollars; the loss is $1.4 billion. Alphabet as a company is profitable; operating income rose from $6.38 billion a year earlier to $19.36 billion.

This increase is mainly due to Google Services profits more than doubling to $ 22.3 billion. Google Services includes all kinds of products and services such as Android, Chrome, hardware and YouTube.