Alphabet (Google) reveals US$9.9bn revenue in APAC December quarter
Alphabet (Google) has announced its earnings and revenue for the December quarter of 2020, both globally and for the APAC region.
In Q4 2020, Google generated US$9.9 billion* in revenue in the APAC region, an increase of 32% year-on-year and 17% on the previous quarter.
Alphabet also reported constant currency revenues (non-GAAP) for the quarter of US$9.75 billion, up 30% year-on-year.
Google is currently challenging the Australian Government’s proposed News Media Bargaining Code, and has indicated it would withdraw the Google Search product from Australia should the code proceed in its current form.
Globally, Alphabet brought in $US46.43 billion in revenue for the quarter, less traffic and acquisition costs. That figure represents growth of 23% year-on-year, up from US$37.57 billion.
YouTube brought in revenue of US$6.89 billion, a 46% increase on the previous year, while Cloud (broken out into its own reporting segment for the first time) had US$13.06 billion in revenue.
In a statement, Google and Alphabet CFO Ruth Porat said the company’s impressive fourth quarter of 2020 was driven by Search and YouTube.
“Our strong fourth quarter performance, with revenues of $US56.9 billion, was driven by Search and YouTube, as consumer and business activity recovered from earlier in the year.
“Google Cloud revenues were $US13.1 billion for 2020, with significant ongoing momentum, and we remain focused on delivering value across the growth opportunities we see.”
Google and Alphabet CEO, Sundar Pichai, added: “Our strong results this quarter reflect the helpfulness of our products and services to people and businesses, as well as the accelerating transition to online services and the cloud.
“Google succeeds when we help our customers and partners succeed, and we see significant opportunities to forge meaningful partnerships as businesses increasingly look to a digital future.”
UPDATE: February 3 [14:30]
An earlier version of this story stated Google generated US$9.9m. The story has been updated to accurately report the figure to be US$9.9bn.
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Zanda Wilson was a reporter and podcast producer at Mumbrella, specialising in radio reporting. He left Mumbrella in September 2021.
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