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UPDATE: Needham Maintains Buy On Alphabet, Raises Target To $1,800 Notes 'There were several key "firsts" now that Sundar Pichai is CEO:'

'a) GOOGL added new revenue granularity, which we view as a sign that GOOGL may listen more carefully to external constituencies; b) YouTube generated $15mm of advtg in 2019 (up 36% y/y), and $4.7B of ad revs in 4Q19

Benzinga · 02/04/2020 15:30

'a) GOOGL added new revenue granularity, which we view as a sign that GOOGL may listen more carefully to external constituencies; b) YouTube generated $15mm of advtg in 2019 (up 36% y/y), and $4.7B of ad revs in 4Q19 (up 30% /y/y); c) Cloud revenue was $2.6B (up 53% y/y), and GOOGL’s backlog was $11.4B (“mostly” cloud); d) creating vertical “ecosystems” is a core CEO focus; e) creating super-groups (like in AI, advertising, tech, etc), across silos to drive value from all being owed by GOOGL'