Click here to read the full article. 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 …read more
Source:: Yahoo Finance
