Google/YouTube parent Alphabet saw revenue jump last quarter driven by YouTube and search as advertising recovered. The giant company’s total sales surged to $56.9 billion for the last three months of 2020 from $46 billion the year before, smashing expectations.YouTube ad revenue jumped to $6.9 billion from $4.7 billion last year and $5 billion last quarter.
Google search and other advertising revenue was $31.9 billion, up from $27.2 billion the year before.Closely watched Google Cloud revenues of $13 billion for 2020 and $3.8 billion for the quarter were in line with expectations with more details of the business provided for the first time.
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