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Google CEO Sundar Pichai speaks during the Google I/O keynote session at Shoreline Amphitheatre in Mountain View, California on May 7, 2019.

Alphabet adds $68 billion in market value after first-quarter ad sales top gloomy estimates

CEO Sundar Pichai deemed the period "the tale of two quarters," contrasting strong pre-outbreak performance with a sharp decline amid the pandemic.
Google Cloud CEO Thomas Kurian at Google Cloud Next 2019

Google Cloud generated nearly $2.8 billion in revenue this quarter, up 52% from a year ago

Google Cloud reported 52% year-over-year revenue growth. Google Cloud CEO Thomas Kurian has previously spoken about plans to triple its salesforce.

YouTube brought in $15 billion in advertising revenue in 2019 — 9 times more than Google paid to acquire the site 14 years ago

Google paid $1.65 billion in 2006 to acquire YouTube — which had around 65 employees — and called it "the next step in the evolution of the Internet."

FINALLY: Google just revealed YouTube’s ad revenue, 14 years after acquiring it, and the video site brought in $15 billion last year

The ad revenue for the platform comprises more than 9% of Alphabet's total revenues of nearly $162 billion in the 2019 fiscal year.

A mounting ‘techlash’ is hurting Alphabet’s profits, and one analyst says spinning off YouTube could be the answer

Needham & Company analyst Laura Martin estimates YouTube could reach a $300 billion valuation as a standalone company.
Google CEO Sundar Pichai.

Google parent Alphabet is set to report 3rd-quarter earnings on Monday. Here’s what Wall Street analysts are saying ahead of the results.

Analysts expect Alphabet to post about $9.72 billion in profit on $32.72 billion in revenue for the third quarter.

‘Cloud killin’ it’: Wall Street is raving about Alphabet’s monster quarter. Here’s what top analysts are saying.

Alphabet, which owns a number of companies including Google and YouTube, attributed its second quarter revenue growth to its cloud business.
Google Cloud CEO Thomas Kurian at Google Cloud Next 2019

Google revealed that its cloud business is on run rate of more than $8 billion, and it plans to triple the size of its salesforce

Alphabet CFO Ruth Porat says that Google Cloud is the company's third-largest driver of revenue growth. Here's how Google Cloud plans to keep growing.
Google CEO Sundar Pichai at the 2018 I/O conference. He once said AI was a more profound invention than "electricity or fire.”

‘Consistent and robust’: Here’s what Wall Street is saying about Alphabet’s earnings beat

While the hefty $5 billion penalty did have a short-term impact on net income, which came in short of the same quarter last year, analysts on the Street see the fine as merely a small speed bump on the company's long-term trajectory.
Google CEO Sundar Pichai.

Sundar Pichai strayed from Google’s typical rhetoric as he touted the growth of Google Cloud

Google is constantly promoting the growth of the company's cloud service but on the eve of the company's "Next" cloud conference, CEO Sundar Pichai conceded that all the top players are faring well.