Alphabet, Google's parent company, has announced financial results for the quarter and fiscal year ending on December 31, 2019.
According to the official results, the Mountain View-based tech giant earned $162 billion in 2019, recording an 18% year-over-year growth.
Interestingly, the company has also reported the revenues from YouTube and cloud for the first time, giving a more granular into its earnings.
"Our investments in deep computer science, including artificial intelligence, ambient computing, and cloud computing, provide a strong base for continued growth and new opportunities across Alphabet," said Sundar Pichai, Chief Executive Officer of Alphabet and Google.
Alphabet reported that in 2019, YouTube ads generated $15.15 billion in revenue, with $4.72 billion in the fourth quarter alone. In comparison, the earning from YouTube ads last year stood at $11.16 billion.
However, these figures do not include YouTube's non-advertising revenue, like channel subscriptions for YouTube, which are consolidated in Google's other revenue segment.
According to the earnings report, Google's ad revenue hit $134.81 billion last year versus $116.46 billion in 2018. With respect to Google's ad revenue, the 'Google Search and other' segment contributed $98.1 billion in 2019 as against $85.3 billion in the year before.
Google's cloud business made $8.92 billion in revenue in 2019, with $2.61 billion earned in the last quarter. In comparison, the annual revenue from the cloud business stood at $5.84 billion in 2018.
According to Pichai, the cloud business ended 2019 with a $10 billion annual run rate, which is up 53% from last year.
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