Google Closes Out 2020 With a Strong Q4

Strategy Analytics' Digital Media Index (DMI) analyzes quarterly revenue trends for 45 publicly traded digital media companies across games, advertising, video, music, and social media. The Digital Media Index measures growth on both a quarterly and trailing twelve month (TTM) basis.

After a steep decline in Q1 2020 and modest improvement in Q2 2020 global digital media revenue saw significant growth in Q3 2020 as the global economy continued to recover from the COVID-19 pandemic. This trend continued with digital media revenues growing nearly twice as much QoQ in Q4 2020. Among companies tracked, digital media revenues were $192.1B in Q3 2020, up 19.4% QoQ.

Google ($10.7B), Facebook ($6.6B) and Alibaba ($5.7B) combined to account for nearly 71% of the net gain in digital media revenue in Q4 2020, among companies tracked. While Sony alone accounted for nearly 72% of the net loss in digital media revenue.

In terms of absolute revenues, Google remains the DMI leader, generating $56.8B in revenues during Q4 2020, followed by Facebook with $28.0B, and Alibaba with $18.8B.