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Alphabet discloses YouTube ad revenue for first time

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Google parent company Alphabet reported ad revenue for YouTube for the first time.

During fiscal 2019, YouTube ads generated more than $15 billion in revenue, up from $11.2 billion in 2018.

It also reported cloud business revenue for the first time. The business generated nearly $9 billion in fiscal 2019 revenue.

Read more from CNBC.

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