Google’s parent company Alphabet announced its quarterly financial results yesterday, and they included an update on how the YouTube Music app is doing in India, where it recently launched.
“Since launch, the YouTube Music app has been downloaded more than 15 million times in the country,” Google’s Sundar Pichai told analysts last night, during the company’s earnings call. That’s up from three million downloads in the first week after the app’s India launch in mid-March. This compares to Spotify’s announcement yesterday that it now has two million active users in India – although note this is a comparison of ‘users’ to ‘downloads’.
Anyway, the Alphabet financials revealed that the company’s overall revenues grew by 17% year-on-year to $36.3bn in Q1 2019. However, Alphabet’s net profit fell from $9.4bn to $6.7bn, due partly to the impact of a €1.5bn ($1.7bn) fine from the European Commission, after a recent anti-competition ruling relating to Google’s advertising business. Among the figures revealed in the financials: Alphabet’s headcount grew from just over 85,000 people in Q1 2018 to more than 103,000 a year later.