$15bn a year: YouTube reveals its ad revenues for the first time

Alphabet CEO Sundar Pichai announced the revenues in his first quarterly earnings release as head of company

Google's YouTube advertising revenues topped $1bn a month in 2019, the company announced on Monday, the first time it has revealed how much money the streaming service brings in.

But the news was not enough to satisfy investors who sold off shares in Alphabet, Google's parent company, when it announced revenues for the last quarter that were below expectations. Shares fell 4% after the markets closed.