YouTube brings in $5 billion in ad revenue as Alphabet and Google bounce back

The Verge Thursday, 29 October 2020
YouTube brings in $5 billion in ad revenue as Alphabet and Google bounce backIllustration by Alex Castro / The Verge

Google parent company Alphabet’s third quarter revenue increased 14 percent from the year before, led by a rebound in advertising revenue for both Google and YouTube. YouTube brought in $5 billion in advertising revenue in the third quarter of 2020 — a sign that advertisers who pulled back on their spending because of the coronavirus earlier in the year may be returning to something resembling normal.

This quarter, the advertising rebound in both search and YouTube helped drive the revenue, according to Ruth Porat, CFO of Alphabet and Google said in a statement announcing the earnings.

"The quarter was a sharp contrast to the disappointing second quarter of 2020"

Google’s advertising division brought in revenue of $37.1 billion, an...

💡 One News Page Knowledge: Other News Mentions

Google Google American technology company

Microsoft’s Phil Spencer on launching the new Xbox

The holiday season is always huge for gaming, but this year, it’s even bigger: a new console generation has arrived with Microsoft’s new Xbox Series X / S..
The Verge

Smart speakers: Is it Alexa, Google or Apple for you? Here's what you need to know to decide

Apple enhances the Siri iPhone experience, Google stresses smarts and sonic quality, while Amazon uses the speakers to get access to Alexa.

YouTube tests whether you’ll ever get sick of Bad Guy with an endless Billie Eilish mashup

“Infinite Bad Guy” featuring Billie Eilish’s “Bad Guy” music video. | Google/YouTube

Somehow, perhaps by some cosmic intervention, I..

The Verge

Google and Disney team up for a Mandalorian AR experience

The Mandalorian just jetpacked into your living room | Google/Disney

Google and Disney have teamed up for a new AR experience featuring The..

The Verge

Foxconn’s Wisconsin factory reportedly wins Google server manufacturing contract

Photo by Brendan Smialowski / AFP via Getty Images

Foxconn is reportedly planning to assemble Google server components at its beleaguered Wisconsin..

The Verge

YouTube YouTube Video-sharing service owned by Google

Son, father farm to feed neighbors during lockdown

Using YouTube videos as a guide and seeds from store-bought produce, Sijo Zachariah and his father began a farm that helped feed twenty neighboring households in..

Charli D’Amelio hits 100 million TikTok followers

Photo by Andrew Lipovsky / NBC / NBCU Photo Bank via Getty Images

Charli D’Amelio is the first TikTok creator to hit 100 million followers. She’s..

The Verge

YouTube adds ads but won't pay all content-makers

YouTube says ads will now appear on videos from small-time creators - but they won't get a cut.
BBC News

Eero’s security subscription now lets you block sites on your home network

Image: Eero

Amazon-owned Eero is adding new features to its $2.99-per-month Eero Secure subscription plan, including new ways to give users more..

The Verge

Alphabet Inc. Alphabet Inc. American multinational conglomerate

Hyundai-backed Motional to launch fully driverless cars in Las Vegas

Motional, the self-driving car operator backed by Hyundai and Aptiv, has received the green light to roll out a test fleet of fully driverless cars in Las Vegas...
The Verge
U.S. sues Google, says breakup may be needed [Video]

U.S. sues Google, says breakup may be needed

The U.S. Justice Department filed an antitrust lawsuit against Alphabet Inc's Google on Tuesday, accusing the $1 trillion company of illegally using its market power to fend off rivals and said nothing was off the table, including a breakup of the internet search and advertising company. Conway G. Gittens reports.

Credit: Reuters Studio    Duration: 02:25Published

You Might Like

Related videos from verified sources

Listen Up: Kegelman’s Spotify Puts Multi-Platform User Data To Work For Advertisers [Video]

Listen Up: Kegelman’s Spotify Puts Multi-Platform User Data To Work For Advertisers

"Reach people as they cook, study, travel, work out, stream what they love." That is Spotify's sale pitch to advertisers. The music and podcast service clocked 185 million monthly active users..

Credit: BeetTV - Affiliate     Duration: 09:25Published
How CTV Economics Will Shake Out: Rob Norman [Video]

How CTV Economics Will Shake Out: Rob Norman

For advertisers, it offers the best of both - the impact of television and a smidgen of the targetability of digital. But how is connected TV shaping up, and what will it look like in the next few..

Credit: BeetTV - Affiliate     Duration: 06:21Published