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Alphabet Search Is a Great Business, but Has Its Fastest Growing Businesses?
Google Search is a great business, but Alphabet also has two other fast-growing businesses within the company. One of my main concerns with the company is how well their advertising revenue will hold up during a recession. YouTube produced nearly $30 billion in revenue in the trailing 12 months and Google Cloud produced revenues of over $24 billion. I'm getting a free cash flow yield of roughly 4% for a company I expect to continue to grow for many years to come.