From Nasdaq:

Alphabet’s Google, via YouTube TV, partnered with Peloton Interactive’s streaming service, Peloton Entertainment. This move signifies a significant step for Google to expand its YouTube TV subscriber base and strengthen its footing in the global video streaming space. The video streaming market is expected to reach $1.9 trillion by 2030.

In addition, Google introduced new features in its partnership with Roku, such as a clock in the live guide, a shortcut to switch between last-viewed channels, and the ability to watch multiple games simultaneously using multiview. These efforts are expected to help Alphabet compete well with industry peers like Disney’s Hulu.

All these endeavors are expected to help Alphabet strengthen its Google Services segment’s performance, which constitutes the majority of total revenues. The Zacks Consensus Estimate for fourth-quarter 2023 Google Services revenues is pegged at $74.77 billion, indicating a growth of 10.2% from the 2022 level. The consensus mark for fourth-quarter 2023 total revenues is pegged at $70.59 billion, indicating year-over-year growth of 11.8%.



Read more: Alphabet (GOOGL) Boosts YouTube TV With Peloton Partnership