Google gains 25M subscriptions in Q1, driven by YouTube and Google One
TechCrunch
Alphabet reported 25 million new paid subscriptions in Q1, reaching 350 million total, primarily fueled by YouTube and Google One.Summary
Alphabet's first-quarter earnings reveal that Google reached 350 million total paid subscriptions, an increase of 25 million from the previous quarter. This growth is largely attributed to the popularity of YouTube and Google One plans, the latter of which now includes advanced Gemini features. While YouTube advertising revenue reached $9.88 billion, it missed Wall Street expectations, likely due to a consumer shift toward ad-free YouTube Premium subscriptions. Overall, the company reported strong total revenue of $109.9 billion, bolstered by significant growth in its cloud division.
(Source：TechCrunch)