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YouTube Ad Revenue Soars 49% in Q1 to $6 Billion, Alphabet Blows Past Wall Street Forecasts

variety.com

Todd Spangler NY Digital EditorYouTube powered up advertising revenue to a whopping $6 billion in the first quarter of 2021, up 49% from the year-earlier period.

Alphabet, Google’s parent company, trounced Wall StreetAlphabet’s strong growth for Google and YouTube — all the more impressive on already-massive numbers — showed that the internet giant is continuing to ride tailwinds of the pandemic-fueled shift to digital services.Overall, Alphabet posted revenue of $55.31 billion and net income $17.93 billion (or diluted earnings per share of $26.29).

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