Alphabet — Google’s parent company — announced its quarterly results late yesterday. The Sundar Pichai-led company reported some impressive numbers, particularly from Google Search and YouTube. The company revealed that in the fourth quarter of 2020, the revenue from Google Search and Other category was $31.9 billion.
Overall, Alphabet reported a revenue of $56.9 billion in Q4 2020. The number is up 23% from Q4 2019 when Alphabet revenue was $46.2 billion. Alphabet’s net income is also up to $15.2 billion compared to $11.2 billion last year in the same quarter.
The revenue from YouTube in Q4 2020 was $6.9 billion.
As mentioned, Google Search was one of the biggest contributors in the company’s revenue figures. Ruth Porat, CFO of Google and Alphabet, said: “Our strong fourth quarter performance, with revenues of $56.9 billion, was driven by Search and YouTube, as consumer and business activity recovered from earlier in the year.
Google Search falls under the Services business for the company and includes products and services such as ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube. Google Services generates revenues primarily from advertising; sales of apps, in-app purchases, digital content products, and hardware; and fees received for subscription-based products such as YouTube Premium and YouTube TV.
Sundar Pichai, CEO of Google and Alphabet, said: “Our strong results this quarter reflect the helpfulness of our products and services to people and businesses, as well as the accelerating transition to online services and the cloud. Google succeeds when we help our customers and partners succeed, and we see significant opportunities to forge meaningful partnerships as businesses increasingly look to a digital future.”