YouTube’s parent company Alphabet shows the video streaming platform made over $6 billion from ads in the first quarter of 2021 alone.
Stay-at-home orders have seen YouTube’s ad revenues saw 49% over last year. Alphabet, YouTube’s parent company, reported the video streaming service made a little over $4 billion in ad revenues in the same quarter last year. This quarter’s financial earnings report shows YouTube ad revenues were over $6 billion. This does not include revenue from YouTube’s other products such as YouTube Premium and YouTube TV.
As a whole (including Google), Alphabet reported total revenues of over $55 billion in Q1 2021, a 34% year-over-year increase, and above analyst predictions at $52 billion.
Over the last year, people have turned to Google Search and many online services to stay informed, connected and entertained. We’ve continued our focus on delivering trusted services to help people around the world. Our Cloud services are helping businesses, big and small, accelerate their digital transformations.Sundar Pichai, CEO, Google and Alphabet