Published 17:48 IST, October 30th 2024
Sundar Pichai puts spotlight on YouTube, Google Maps at Q3 earnings call
The Google and Alphabet CEO also indicated that the company's investments in artificial intelligence have been fruitful.
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Sundar Pichai, CEO of Google and its parent company Alphabet, stated that YouTube and Google Maps have played crucial roles in boosting company’s revenue. He mentioned that for first time in past four quarters, YouTube's revenue surpassed $50 billion, while Google Maps has now surpassed 2 billion users. Pichai indicated that company's investments in artificial intelligence have been fruitful, attracting more users to engage with services powered by Gemini AI.
YouTube’s phenomenal rise
“For first time ever, YouTube’s combined and subscription revenue over past four quarters has surpassed $50 billion,” Pichai said during earnings call. While Google does not report overall revenues of YouTube, which it acquired in 2006 for $1.65 billion, new figure, combining both sales and revenue from subscriptions, means video platform is now company’s fastest-growing service. YouTube has also surpassed its close rival Netflix in revenue, which reported $37.6 billion for last four quarters.
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Pichai said that YouTube TV, NFL Sunday Ticket, and YouTube Music Premium are “driving subscription growth” for YouTube, which recently introduced multiview and a new option for creators, allowing m to organise content into episodes and seasons.
More Google Maps users
During call, Pichai said Google Maps is “latest product to surpass 2 billion user milestone.” Previously at I/O, company said only six products h crossed 2 billion monthly users, namely, Search, Gmail, Android, Chrome, Play Store, and YouTube. Google Maps, as well as or six platforms, use Gemini models. Pichai noted that while apps have “done ir first versions of incorporating Gemini, and re’s an aggressive romap ahe for 2025.”
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Pichai said recent ditions to Search, such as AI Overviews, Circle to Search, and new Lens features, are changing how people search for different things. Circle to Search, specifically, is now available on over 150 million Android devices within a year of its debut on Samsung Galaxy S24 series. Lens is now used for over 20 billion visual searches per month, he said.
17:48 IST, October 30th 2024