Alphabet’s Revenues Jump 23 Pct Amid Spike In Advertising

Alphabet Inc. reported Tuesday (Feb. 2) as part of its fourth quarter and fiscal year 2020 results that revenues jumped approximately 23 percent for the quarter ended Dec. 31, from the same quarter in 2019, as the Google parent’s advertising revenues soared. Drilling down into the numbers, YouTube revenues were up approximately 46 percent year on year to $6.9 billion, while total advertising revenues came in at $46.2 billion, up from $37.9 billion in the same quarter last year.
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