Let this sink in: YouTube makes more money from advertising than the ABC, NBC and Fox broadcast networks—combined.
That was among the revelations in an unexpectedly newsy earnings report on Monday by Alphabet, the parent company of Google, which broke out the financial performance of several of its key businesses for the first time. The chart above shows how YouTube’s 2019 ad revenue of more than $15 billion compares with the ad revenue from several venerable broadcasters—both their network and TV station groups, including CBS. We also show below in another chart how far Google has to go before it matches Amazon and Microsoft in cloud revenue.
