YouTube ad revenue hit $15.1 billion in 2019

AKIPRESS.COM - Google's parent company Alphabet reportedits financial results for the fourth quarter and full-year 2019. YouTube had $15.15 billion in ad revenue for 2019, up 36% from $11.16 billion the year prior, according to Alphabet. For Q4 2019, YouTube advertising sales were $4.72 billion, a 31% year-over-year increase. YouTube's ad revenue was $8.15 billion in 2017.
The company is breaking out results for YouTube, Search and Cloud to "provide further insight into our business and the opportunities ahead," Ruth Porat, CFO of Alphabet and Google, said in a statement.
Overall, Alphabet reported revenue of $46.08 billion for Q4, falling short of Wall Street consensus expectations of $46.9 billion. The company posted diluted earnings per share of $15.35 for the quarter, topping analyst forecasts of EPS of $12.53.