Source: Business Insider
Alphabet, Google’s parent company, broke out YouTube’s advertising revenue for the first time ever on Monday, and revealed the video-sharing site brought in $15 billion in 2019. YouTube’s ad revenue is around nine times more than the $1.65 billion Google spent to acquire the platform in October 2006. At the time, YouTube was only 1.5 years old and had only 65 employees. Google’s CEO at the time called YouTube “the next step in the evolution of the Internet.” However, Alphabet also said that “most” of YouTube’s advertising revenue goes back to creators on the platform, making it hard to estimate how much of that cash flows back to the company as profit. Visit Business Insider’s homepage for more stories . YouTube has revealed its advertising revenue surpassed $15 billion in 2019 — which is nine times more than Google paid for the video-sharing website 14 years ago. Alphabet, Google’s parent company, broke out the long-awaited revenue numbers for YouTube for the first time ever on Monday in its earnings report on the 2019 fiscal year .