Alphabet Holding has disclosed profit information generated by its Youtube video hosting, the annual report is published on the company’s website.
Alphabet is the parent company of Google. The latter acquired Youtube in 2006 for $ 1.65 billion. Since then, the holding has not published data on service revenue from advertising.
In 2019, Youtube earned over $ 15 billion in advertising.
Service brought the company about 10% of total revenue, which amounted to $ 162 billion. Alphabet revenue for the year grew by 18%.