Published , by Donovan Erskine
Published , by Donovan Erskine
Google’s (GOOGL) Q1 2024 earnings report includes a detailed rundown of how the company performed over the first few months of the year. This included a section dedicated to YouTube, one of Google’s most fruitful properties and the world’s leading video platform. This past quarter, YouTube generated $8 billion in revenue from advertisements.
The latest figures for YouTube can be found on the second page of Google’s Q1 2024 earnings report. YouTube made $8 billion in ad revenue for the first quarter of the financial year, an increase from the $6.6 billion it made in the previous year.
YouTube is one of Google’s cash cows, and the video platform’s advertisement angle has raked in countless billions of dollars for its parent company over the years. Google (GOOGL) stock soared as high as $181.80 in value in after-hours trading after ending the day at a valuation of $156.
As for how Google performed overall, the company beat both revenue and earnings expectations in Q1. As for other major players in tech, Microsoft and Intel also reported their quarterly earnings this afternoon.