YouTube generated $4.04 billion in ad revenue for the first quarter of 2020, up 33% from the year prior. Alphabet, the parent company of Google and YouTube, topped Wall Street estimates for Q1 reve…
Overall, Alphabet reported $41.16 billion in revenue and adjusted net income of $6.84 billion . Wall Street analysts on average expected Alphabet to post revenue of $40.38 billion and EPS of $10.33.
Alphabet first broke out YouTube revenue in announcing fourth-quarter and full-year 2019 results, along with sales for Google Search and Google Cloud.Referring to the COVID-19 crisis, Sundar Pichai, CEO of Alphabet and Google, said in announcing the results, “Given the depth of the challenges so many are facing, it’s a huge privilege to be able to help at this time.
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