To answer your question more generally (and perhaps helping you to think of some tighter formulations), my own dc are now 17 and 20 so this is some time ago, but when they were little reading aloud was very much part of a wider context of talking about stories, telling stories, looking at pictures together, singing together. Their dad used to make up stories for them when we were waiting at bus stops etc, and a couple of them ended up as their personal books, illustrated by him.
We had a bedtime story every night until they were about 10 (and I was quite sad when it stopped), and still had occasional reading aloud sessions (Dickens at Christmas) until they were much older.
Once they'd started school, I also listened to them reading several times a week.
They are bilingual so we had a double set of books and stories and nursery rhymes.
When dd got older and joined a youth theatre, I worked on monologues with her.
We did go to the library regularly when they were little, but stopped mainly because we felt we have a better choice at home than our fairly small local library can offer.
As for the outcome, I have one child who loves literature and has read vast amounts and one who absolutely hates it and prides himself on never having read a book since the Oxford Reading Tree. He is functionally literate and used to be quite well informed about the way the world is run, but now tries to disown this, I think in protest against his book- and learning-loving family. We are on good terms, but he very much doesn't want to be like us, so the moment (round about 14) he sussed that we thought his engagement with the world was a good thing, he stopped doing it. But he does speak his second language so I think that is some kind of outcome.