variety.com
03.02.2021 / 01:03
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YouTube Ad Revenue Pops 46% to $6.89 Billion, Fueling Alphabet Q4 Results
Elaine Low Senior TV WriterGoogle parent Alphabet handily topped fourth-quarter forecasts, with Google Search and YouTube driving up total revenue for the internet giant.Wall Street analysts had expected earnings of $15.90 per share on revenue of $53.1 billion. The company reported $22.30 in per-share earnings on total revenue of $56.9 billion, marking 45.3% and 23.5% growth, respectively.“Our strong fourth quarter performance, with revenues of $56.9 billion, was driven by Search and YouTube, as consumer and business activity recovered from earlier in the year,” said Google and Alphabet CFO Ruth Porat in the company’s earnings report.