YouTube brings in £6 billion in advertising revenue in second financial quarter

27 July 2022, 07:04

YouTube
WROCLAW, POLAND – JULY 31, 2018: YouTube logo on Huawei Media Pad device. Youtube is most popular video service developed by Google. Picture: PA

A report showed that revenue had increased by four percent, up from just over seven billion dollars (£6.8 billion) in the same period of 2021.

YouTube brought in 7.34 billion dollars (£6 billion) in advertising revenue during the second financial quarter of 2022, according to a new earnings report by parent company Alphabet.

The report showed that revenue had increased by 4%, up from just over seven billion dollars (£6.8 billion) in the same period of 2021.

Alphabet reported 69.68 billion (£57.8 billion)in revenue for the second quarter, up 13% from 61.8 billion (£51.2 billion) in the previous year.

The amount was just short of an analyst estimate at 69.9 billion (£58 billion) for Q2.

Sundar Pichai, chief executive of Alphabet and Google, said: “In the second quarter our performance was driven by Search and Cloud.

“The investments we’ve made over the years in AI and computing are helping to make our services particularly valuable for consumers, and highly effective for businesses of all sizes.

“As we sharpen our focus, we’ll continue to invest responsibly in deep computer science for the long-term.”

Ruth Porat, chief financial officer of Alphabet and Google, said: “Our consistent investments to support long-term growth are reflected in our solid performance in the second quarter, with revenues of 69.7 billion dollars (£57.8 billion) in the quarter, up 13% versus last year or 16% on a constant currency basis.

“We are focused on responsible capital allocation in support of our growth opportunities.”

By Press Association

More Technology News

See more More Technology News

Nurse wears NHS goggles

New smart glasses to help nurses maximise time with patients on home visits

Apple-Computer-Protoype

Steve Jobs’ Apple-1 computer prototype auctioned for nearly 700,000 dollars

Social media stock

Influencer Andrew Tate banned from Facebook and Instagram

Janet Jackson

Janet Jackson song had power to crash laptops, Microsoft reveals

Brits are scrambling to update their Apple devices after a major security flaw was found

Millions told to update Apple tech 'right now' after major security issue leaves devices vulnerable to hackers

An Apple iPhone 13

Owners urged to update Apple devices quickly but ‘stay calm’ over security flaw

Cars on motorway

Self-driving vehicles ‘on UK roads by 2025’ under new Government plans

child using a laptop

Next prime minister must deliver Online Safety Bill, urge campaigners

Coronavirus – Tues Dec 14, 2021

NHS Covid Pass fixed after glitch leaves travellers without vaccination records

iPhones and iPads are among the affected devices

Apple reveals serious security issue with iPhones, iPads and Macs that could give hackers complete control

A woman using a smartphone

EE blocking ‘one million scam calls a day’

Moon Rocket

Nasa’s moon rocket moved to launch pad for first test flight

Conservative leadership bid

Sunak heavily outspends Truss on Facebook adverts

Elon Musk with the Manchester United logo

Elon Musk clarifies ‘joke’ about buying Manchester United

Technology

Younger people ‘watching seven times less traditional TV than older viewers’

Laptop

Staffordshire water company confirms cyber attack