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YouTube Q1 Revenue Climbed 33% to $4 Billion, Parent Alphabet Misses on Earnings

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By Todd Spangler NY Digital Editor YouTube generated $4.04 billion in ad revenue for the first quarter of 2020, up 33% from the year prior.

Alphabet, the parent company of Google and YouTube, topped Wall Street estimates for Q1 revenue but fell short on net profit.

Overall, Alphabet reported $41.16 billion in revenue and adjusted net income of $6.84 billion ($9.87 per share). Wall Street analysts on average expected Alphabet to post revenue of $40.38 billion and EPS of $10.33.

Alphabet first broke out YouTube revenue in announcing fourth-quarter and full-year 2019 results, along with sales for Google Search and Google Cloud.

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