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Tech Giants Boom, Climate Fund Swells, Olympics Sparkle

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Google's YouTube Sees Revenue Growth, Snap Experiences User Dip, While Olympic Torch Relay Begins

Google's YouTube reported significant revenue growth, while Snap experienced a dip in daily users, according to recent financial reports. Meanwhile, the Olympic flame began its journey to Milan and Cortina, carried by torchbearers selected by the host city organizers.

YouTube's overall revenue for the full financial year reached $60 billion, a 17% increase compared to the previous year, TechCrunch reported. Ad revenue for the fourth quarter increased 9% to $11.38 billion, although this fell short of analysts' estimates of $11.84 billion. The company also saw growth in its subscription services, with 325 million paying users across Google One and YouTube Premium, up from 300 million three months prior. Alphabet CEO Sundar Pichai stated the company plans to expand its subscription offerings. YouTube's $8 per month ad-free premium tier is reportedly seeing strong traction.

Snap, on the other hand, reported revenue of $1.7 billion for Q4, a 10% year-over-year increase, according to TechCrunch. Average revenue per user also saw a slight increase, rising to $3.62 from $3.44. Net income for the company was $45 million, up from $9 million the previous year. However, the company's paid subscription service, Snap, which launched in 2022, saw its subscribers grow 71% year-over-year, reaching 24 million. Despite revenue gains, Snap experienced a decrease in daily users.

In other news, the Olympic flame began its journey to Milan and Cortina after being lit in Olympia, Greece, on November 26, Wired reported. The selection of torchbearers is traditionally the responsibility of the Olympic host city organizers. These individuals are sometimes chosen for athletic achievements or celebrity status. Citizens can also apply to be a torchbearer if they have distinguished themselves in some way.

Meanwhile, in the financial sector, Mundi Ventures closed on €750 million for Kembara Fund I, its largest deep tech and climate fund to date, TechCrunch reported. The fund secured a €350 million commitment from the European Investment Fund under the European Tech Champions Initiative in 2024. Regulatory filings from Spain suggest the fund could potentially reach a final closing of €1.25 billion. Kembara co-founder and general partner Yann de Vries noted that reaching €750 million in two years as a first fund was challenging in the current environment.

Euronews provided a midday news bulletin on February 5, 2026, covering top stories from around Europe and beyond, including world news, business, entertainment, politics, culture, and travel.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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