Mark Bergen (Bloomberg) -- In a monumental move for Wall Street, Alphabet Inc.’s Google has broken out YouTube and Cloud revenue for the first time. YouTube made $15.15 billion in 2019 and Cloud $8.92 billion, the company said Monday in its earnings release.
YouTube revenue nearly doubled from 2017, when it was $8.15 billion, according to the statement. Some investors had pegged overall YouTube sales for 2019 as high as $20 billion, but they will welcome the disclosure none the less. The YouTube figures are for advertising; non-ad sales, like subscriptions to its paid service, are included in the “other revenue” section.
On the cloud side, business has more than doubled since 2017, to $8.9 billion from $4.1 billion. That’s a good performance, though Google still trails the market leader, Amazon Web Services.