Depends. That means we can monetize well the properties we buy. Goog bought yt for less than a bill, but now it is generating a lot of money. Similar to instagram.
If you noticed, gmail is currently THE email provider, yet you dont see much ads on it. It is for a reason.
Yt has plenty of room for extra monetization with ads
Google is getting into cars with android auto - combine that with location ads, it is another revenue source for you.
Google home is getting better every day(i am a bear overall on home assistants due to privacy, but that is probably just me).
Things i dont like: still no clear strategy on google music produxts (google play mjsic, yt music etc). Our create many messenger apps, see which one sticks (i think hangouts have great potential, but it is just that a potential), lack of premium yt model (yt red is mediocre at best).
To be honest with you, i would love to see google diversifying away from ads.