In the the company’s first earnings report since Sundar Pichai took over as CEO, Alphabet for the first time gave investors a look at revenue for two key businesses: YouTube and Google Cloud. The video platform generated $15 billion in ad sales in 2019, up 36% from $11 billion the year before. Cloud revenue was $8.9 billion for the year, up 53% from $5.8 billion in 2018.
Pichai had mixed news to share with investors. In the quarter ended Dec. 31, Alphabet tallied $46.07 billion in sales, missing analyst estimates of $46.94 billion, the company said Monday. Earnings per share were $15.35, exceeding expectations street consensus of $12.53 per share.
