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.

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Graham hopes his panel will approve Amy Coney Barrett by late October

Chair Lindsey Graham during a Senate Judiciary Committee business meeting on Capitol Hill Thursday. Photo: Jabin Botsford/The Washington Post via Getty Images

Senate Judiciary Committee Chair Lindsey Graham (R-S.C.) told Fox News Saturday he expects confirmation hearings on Judge Amy Coney Barrett's nomination to the Supreme Court to start Oct. 12 and for his panel to approve her by Oct. 26.

Why it matters: That would mean the final confirmation vote could take place on the Senate floor before the Nov. 3 presidential election.

Texas city declares disaster after brain-eating amoeba found in water supply

Characteristics associated with a case of amebic meningoencephalitis due to Naegleria fowleri parasites. Photo: Smith Collection/Gado/Getty Images

Texas authorities have issued a warning amid concerns that the water supply in the southeast of the state may contain the brain-eating amoeba naegleria fowleri following the death of a 6-year-old boy.

Details: The Texas Commission on Environmental Quality issued a "do not use" water alert Friday for eight cities, along with the Clemens and Wayne Scott Texas Department of Criminal Justice corrections centers and the Dow Chemical plant in Freeport. This was later lifted for all places but one, Lake Jackson, which issued a disaster declaration Saturday.

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9:30 p.m. ET: 32,746,147 — Total deaths: 991,678 — Total recoveries: 22,588,064Map.
  2. U.S.: Total confirmed cases as of 9:30 p.m. ET: 7,007,450 — Total deaths: 204,486 — Total recoveries: 2,750,459 — Total tests: 100,492,536Map.
  3. States: New York daily cases top 1,000 for first time since June — U.S. reports over 55,000 new coronavirus cases.
  4. Health: The long-term pain of the mental health pandemicFewer than 10% of Americans have coronavirus antibodies.
  5. Business: Millions start new businesses in time of coronavirus.
  6. Education: Summer college enrollment offers a glimpse of COVID-19's effect.