Google parent Alphabet Inc. posted revenues of $162 billion in 2019, up 18% from $137 billion in 2018. Google split Cloud and YouTube numbers for the first time. Google Cloud — which consists of Google Cloud Platform and G Suite — raked in $9 billion or 5.5% of Google's revenues in 2019. In 2017, it made up 3.6% of Google's revenue. Google Cloud growth was driven by significant growth in Google Cloud Platform (GCP). YouTube raked in $4.7 billion in ad revenue in Q4 2019, and a total of $15.1 billion in 2019. YouTube Music and YouTube Premium (ad-free YouTube) have 20 million subscribers, and YouTube TV has 2 million paid subscribers. This is Alphabet's first quarterly earnings release after Sundar Pichai took over as the Alphabet CEO from Google co-founders Larry Page and Sergey Brin in December 2019. Alphabet's revenues for Q4 2019 stood at $46 billion, up 17% YoY from $39 billion in Q4 2018. In addition to Google's revenues, Alphabet revenues include "Other Bets" consisting of life sciences arm Verily, health longevity company Calico, and self-driving cars unit Waymo. While Google's operating income increased by 20% YoY to $11.4 billion, losses from Alphabet's "Other bets" increased 35% YoY to $2 billion. The company's traffic acquisition costs increased 15% year-on-year to $8.5 billion in Q4, and increased 17% YoY in 2019. The European Commission's penalty imposed on Google earlier this year for breach of EU's anti-trust rules knocked out $1.6 billion of the company's operational income in 2019.…
