GIVEAWAY: TEAMGROUP T-Force VULCAN Z SATA III SLC 2TB SSD, two up for grabs!

Google earned $4 billion from YouTube ads in Q1 2020

Google's YouTube ad revenue is up 33% year-over-year to $4 billion in Q1 2020.

Published Apr 28, 2020 6:30 PM CDT   |   Updated Tue, Nov 3 2020 11:44 AM CST
0 minutes & 47 seconds read time

Google just reported its Q1'20 earnings, and the results see strong growth across the company's key billion-dollar segments.

Google earned $4 billion from YouTube ads in Q1 2020 55

Google recorded stellar Q1 results driven by earnings spikes in key advertisement and search segments. The company pulled in $4.028 billion from YouTube advertisements in the three-month period ending March 31, 2020, up a significant 33% from last year. This jump is likely caused by COVID-19 stay-at-home orders issued across the globe in late March, leading to a massive influx of viewers watching ads placed over videos.

Google earned $4 billion from YouTube ads in Q1 2020 1

The titan's main breadwinner is of course monetizing searches across its juggernaut search engine. The company raked in a tremendous $24.5 billion in search revenue in Q1, up 8.67% from last year, and total advertisement revenues across YouTube and search tallied up to $33.7 billion, up 10.38% from Q1'19.

In performance metrics, Google total quarterly revenues of $41.159 billion, up 13.26% YoY, driven mainly by strong surges in advertising. Operating income rose 19% to $7.977 billion. Google doesn't keep all of those revenues, though: The giant spent a whopping $18.982 billion on costs of goods and services in Q1, leaving roughly $6.8 billion in net profits for the quarter. Earnings per share were also up to 3.8% to $9.87 in Q1'20.

Buy at Amazon

Google GA01187-US Pixel 4 - Just Black - 64 (GA01187-US)

TodayYesterday7 days ago30 days ago
$191.95$191.95$226.99
* Prices last scanned on 12/6/2022 at 7:23 pm CST - prices may not be accurate, click links above for the latest price. We may earn an affiliate commission.
NEWS SOURCE:abc.xyz

Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

Newsletter Subscription

    Related Tags

    Newsletter Subscription
    Latest News
    View More News
    Latest Reviews
    View More Reviews
    Latest Articles
    View More Articles