Tuesday, February 4, 2020
Alphabet Talks Up YouTube and Cloud
Alphabet, the owner of Google, reported a 19% year-on-year increase in revenues to 46.1 billion U.S. dollars for the fourth quarter on a constant currency basis. "At our scale, we are pleased with our rate of growth for 2019 and see ample opportunity going forward,' said Ruth Porat, CFO. "With respect to YouTube advertising, at a year-on-year growth rate of more than 30% in the fourth quarter, we're pleased with the ongoing strength and opportunity at YouTube. We see substantial continuing opportunity in direct response as well as with brand advertisers... the non-advertising services at YouTube, mainly from subscriptions, reached a 3 billion dollars revenue run rate in the fourth quarter."
Alphabet said that Waymo's (self-driving) cars have driven 20 million miles across more than 25 U.S. cities. "Waymo is now serving over 1,500 monthly active riders in Metro Phoenix and continues scaling fully driverless by matching early riders with driverless vehicles and charging for these rides. As Waymo looks to its evolution as a business, it's focusing on strategic partnerships. For example, it's working closely with OEMs and other businesses to build out ride hailing and delivery business lines."
Alphabet also reported that it added as many buildings to Google Maps using machine learning in 2019 as it had using all other techniques in the previous decade. "The Google Assistant now helps more than 500 million monthly users across 90 countries get things done across smart speakers and smart displays, phones, TVs, cars and more," Porat added. "I'm proud to announce that over 80 billion dollars has been earned by developers around the world from Google Play showing the popularity of our platform. There are now over 2 billion active monthly users of Google Play." Source: Alphabet investor documentation
Labels: More apps
WHERE WE'RE HEADED: TELECOMS TRENDS AROUND THE WORLD: SUBSCRIBE HERE