advertisement
advertisement

What YouTube boycott? Alphabet shrugs off Google ad exodus with higher-than-expected revenue in Q1

Last month, it looked like YouTube had a real problem on its hands, what with numerous big-name marketers pulling out due to concerns that their ads were appearing alongside extremist videos. Companies like PepsiCo, Walmart, Starbucks, GM, and Dish Network all pulled out. But it doesn’t appear that the advertiser exodus hurt YouTube parent company Alphabet’s … Continue reading “What YouTube boycott? Alphabet shrugs off Google ad exodus with higher-than-expected revenue in Q1”

advertisement
advertisement

Last month, it looked like YouTube had a real problem on its hands, what with numerous big-name marketers pulling out due to concerns that their ads were appearing alongside extremist videos. Companies like PepsiCo, Walmart, Starbucks, GM, and Dish Network all pulled out. But it doesn’t appear that the advertiser exodus hurt YouTube parent company Alphabet’s bottom line.

advertisement

Today, Alphabet released its first-quarter earnings report, just beating analysts’ expectations. For the quarter, the company brought in revenues of $24.75 billion, while analysts had predicted $24.19 billion, and earnings per share of $7.73, higher than predictions of $7.40. And Google’s ad revenues came in at $21.41 billion, up 18.8% year-over-year

About the author

Daniel Terdiman is a San Francisco-based technology journalist with nearly 20 years of experience. A veteran of CNET and VentureBeat, Daniel has also written for Wired, The New York Times, Time, and many other publications

More