Google’s Record Advertising and Cloud Sales Due To Pandemic

Alphabet Inc’s (Google’s) quarterly sales for its advertising and cloud businesses exceeded expectations to hit record levels, helped by the pandemic driving retail and clients online.

Figures

Google’s advertising business, which includes YouTube, made up 81 per cent of Alphabet’s record $56.9 billion in quarterly sales (fourth quarter).  This represented a massive 23 per cent rise on one year ago. Also, Alphabet’s cloud sales were $3.83 billion, or $13.1 billion for the full year. T...