YouTube brings in $5 billion in ad revenue as Alphabet and Google bounce back
Illustration 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...
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Credit: Reuters Studio Duration: 02:25Published
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