Google gains 25M subscriptions in Q1, driven by YouTube and Google One
Google added 25M paid subscriptions in Q1, reaching 350M total, as YouTube and Google One grow.
TL;DR
- Google added 25 million paid subscriptions in Q1, reaching a total of 350 million.
- Growth in subscriptions was primarily driven by YouTube and Google One plans.
- Access to advanced Gemini features is now included in Google One plans.
- Gemini chatbot user numbers remain steady, with a 40% increase in paid monthly active users in the enterprise market.
- YouTube ad revenue fell short of Wall Street expectations, pulling in $9.88 billion instead of the predicted $9.99 billion.
- The decline in YouTube ad revenue is attributed to users opting for YouTube Premium's ad-free subscription.
- Alphabet's overall revenue reached $109.9 billion, exceeding expectations, with cloud revenue surpassing $20 billion.