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Photo: Aytac Unal/Anadolu Agency/Getty Images

Disclosing YouTube revenue separately for the first time, Alphabet said Monday that the Google-owned video site accounted for more than 10% of the company's $46.1 billion in revenue last quarter, and more than $15 billion for the year.

Why it matters: Everyone knew YouTube was a big business, but until now, we didn't know exactly how big.

Details, from Alphabet's fourth-quarter 2019 earnings, released Monday:

  • Revenue from YouTube ads came to $4.7 billion in the fourth quarter, up 31% year over year. It came to $15.1 billion for the full year 2019, up 36% from 2018.
  • Google Cloud revenue hit $2.6 billion for the quarter and $8.9 billion for the full year, up 53% in both cases.
  • Despite that aggressive growth, Google is still playing catch-up to market leaders Amazon and Microsoft when it comes to cloud computing.
  • Alphabet also saw strong overall bottom-line results, notching $15.35 earnings per share in Q4, compared to an analyst consensus estimate of $12.53, according to Refinitiv by way of CNBC.

Yes, but: Alphabet shares still slumped some 4% in after-hours trading Monday. Overall revenues for the quarter came in at $46.1 billion, vs. Wall Street's expectation of $46.9 billion, per Refinitiv. The total represented a 17.3% year-on-year increase — Alphabet's slowest fourth-quarter growth since 2015, Reuters noted.

Between the lines: Despite positive signs for overall profitability and growth in YouTube and Cloud, an extended slowdown in Google's core advertising business would be certain to spook investors. Facebook, by contrast, just last week reported an earnings beat on both the top and bottom lines.

Go deeper

Collins helps contractor before pro-Susan PAC gets donation

Sen. Susan Collins during her reelection campaign. Photo: Scott Eisen/Getty Images

A PAC backing Sen. Susan Collins in her high-stakes reelection campaign received $150,000 from an entity linked to the wife of a defense contractor whose firm Collins helped land a federal contract, new public records show.

Why it matters: The executive, Martin Kao of Honolulu, leaned heavily on his political connections to boost his business, federal prosecutors say in an ongoing criminal case against him. The donation linked to Kao was veiled until last week.

How cutting GOP corporate cash could backfire

Illustration: Aïda Amer/Axios

Companies pulling back on political donations, particularly to members of Congress who voted against certifying President Biden's election win, could inadvertently push Republicans to embrace their party's rightward fringe.

Why it matters: Scores of corporate PACs have paused, scaled back or entirely abandoned their political giving programs. While designed to distance those companies from events that coincided with this month's deadly siege on the U.S. Capitol, research suggests the moves could actually empower the far-right.

9 hours ago - Politics & Policy

Scoop: Kaine, Collins pitch Senate colleagues on censuring Trump

Sen. Tim Kaine speaks with Sen. Susan Collins. Photo: Andrew Harnik/AP via Getty Images

Sens. Tim Kaine and Susan Collins are privately pitching their colleagues on a bipartisan resolution censuring former President Trump, three sources familiar with the discussions tell Axios.

Why it matters: Senators are looking for a way to condemn Trump on the record as it becomes increasingly unlikely Democrats will obtain the 17 Republican votes needed to gain a conviction in his second impeachment.