One of the giant names of the technology world, Google closed the last quarter of last year with record revenue. While the cloud infrastructure side continued to suffer, ad revenues and YouTube earnings made up for it.
Google is excited
According to last-quarter reports last year, Google’s total revenue amounted to $75.33 billion, beating expectations. The share values of the company, which grew by 32 percent, also showed a jump.
Ad revenues rose 33 percent to $61.24 billion, while money spent making the browser or app the default search engine rose to $13.43 billion. Apple ecosystem takes the lion’s share here.
The Google Cloud platform met expectations with $5.54 billion, with an operating loss of $890 million. Google’s termination of the G Suite free subscription is expected to have an impact.
Finally, YouTube revenues amounted to $ 8.63 billion. The company states that it has surpassed Netflix in terms of revenue. The number of daily active users has reached the level of 15 billion. With ad-free YouTube and Google Play, hardware revenues also set a new record with $8.16 billion.
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