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.

@DeekeTweak
Published Tue, Apr 28 2020 6:30 PM CDT   |   Updated Sat, Aug 8 2020 10:29 AM CDT

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

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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 | TweakTown.com

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.

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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.

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