This is why Google parent company Alphabet began sharing YouTube revenue details

Alphabet, a parents company of Google started sharing its revenue garnered from YouTube after the U.S. securities regulators requested them to be more transparent regarding their business.

In response, the company’s Chief Accounting Officer Amie Thuener O’Toole wrote to the United States Securities and Exchange Commission and said that they have disclosed their YouTube advertising revenues. The CAO of Alphabet also mentioned that their company has not seen any significant changes in revenue since their previous filing.

In its letter, Alphabet also told the SEC that they would disclose the growth of Google Cloud revenues. However, the company said that it does not find the need to make such disclosure.

According to Alphabet, YouTube saw an increase in its revenue by 31% during the fourth quarter – when compared with the figures for last year. Similarly, their cloud business grew by 53%.

Thuener O’Toole also said in the letter that their company does not find it necessary to classify ad revenue by mobile and desktop as they don’t sell ads by the device type.

When contacted, both – SEC and Google did not respond on the filings.

This is why Google parent company Alphabet began sharing YouTube revenue details

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