Why did Alphabet Inc. executives finally divulge YouTube revenue? Because they had to, writes jowens510.
After years of providing as little insight into the performance of its different businesses as it could, Alphabet Inc. executives finally divulged financial results from two of its most prominent segments Monday.Revenue-recognition rules that were approved in 2014 and went into effect at the end of 2017 call on companies to report financial results to their investors in the same manner that they are reported to the main decision-maker at the company, typically the chief executive.
— Jeremy C. Owens February 27, 2018 All of that changed at the end of last year, however. Page and his co-founder, Sergey Brin, stepped down from active leadership at Alphabet and Pichai was promoted to CEO for all of Alphabet. That meant that Pichai would become the chief decision-maker for Alphabet, which had already admitted to the SEC that he saw results for YouTube and other Google businesses.
“To provide further insight into our business and the opportunities ahead, we’re now disclosing our revenue on a more granular basis, including for Search, YouTube ads and Cloud,” Porat said in the announcement.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
YouTube ad revenue hit $15 billion in 2019, Google reveals - Business InsiderFINALLY: Google just revealed YouTube's ad revenue, 14 years after acquiring it, and the video site brought in $15 billion last year
Weiterlesen »
Google Parent Posts Disappointing Earnings but Discloses New YouTube, Cloud DetailsAlphabet posted lower than expected revenue but pulled back the curtain on some of its operations outside of search, for the first time disclosing results in areas including YouTube and cloud computing.
Weiterlesen »
YouTube, Google won't allow deepfake videos for 2020 election, census
Weiterlesen »
Google still isn't telling us about a key metric for YouTube and cloud: profitsAlphabet disclosed YouTube and cloud revenue for the first time on Monday, but investors looking for the bottom-line numbers are still out of luck.
Weiterlesen »
YouTube ad revenue was 9x more than Google paid to buy it - Business InsiderGoogle 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.'
Weiterlesen »