YouTube Subscriptions Contribute to Alphabet's $15 Billion Annual Revenue

Google One Nears 100 Million Subscribers as YouTube Premium and Music Surpass 100 Million Subscribers

YouTube Premium and Music services have surpassed 100 million subscribers, contributing significantly to Alphabet's $15 billion annual revenue from subscription services.
Google One, Google's cloud storage service, is also nearing 100 million subscribers, with plans to introduce more AI features to the service.
YouTube's ad revenue for Q4 2023 was $9.2 billion, a 15.5% increase year over year.
Alphabet's overall Q4 2023 revenue was $86.31 billion, up 13.5% from the previous year.
Despite the growth in subscriptions, Google is still heavily reliant on advertising, with YouTube being the key driver of subscription revenues.