Alphabet, Google’s parent company, released a financial report showing that YouTube generated $8.92 billion in advertising revenue in the third quarter, up 12.2% from the same period last year. At the same time, Wall Street analysts predicted YouTube advertising revenue at $8.89 billion, Variety reports.
Image source: Chiplanay/Pixabay
Video streaming platform YouTube’s total revenue has topped $50 billion for the first time over the past four quarters, according to Alphabet and Google CEO Sundar Pichai. That averages more than $12.5 billion in quarterly revenue, which it notes does not include revenue from subscriptions to YouTube TV, YouTube Premium, YouTube Music Premium and NFL Sunday Ticket. Although Alphabet doesn’t regularly release YouTube quarterly reports, these numbers indicate significant growth.
Philipp Schindler, Google’s chief commercial officer, said at the company’s third-quarter earnings call that YouTube’s ad commitments were up 20% year-on-year. He also said that content from the 2024 Summer Olympics in Paris received 12 billion views, with 35% of the viewing time coming from YouTube TV.
Alphabet’s total revenue was $88.27 billion, up 15% year-over-year, and net income reached $26.3 billion, up 34%. That resulted in earnings per share of $2.12, well above Wall Street expectations of $86.3 billion in revenue and $1.85 in earnings per share, according to LSEG.
Google has announced a major update to its Gemini AI assistant, which will now be…
The South Korean company SK hynix remains the leading supplier of HBM class memory, which…
Earlier, Samsung introduced a new series of Galaxy S25 smartphones, which included the Galaxy S25,…
The new Samsung Galaxy S25 series of smartphones uses a special Snapdragon 8 Elite for…
The Japanese company Fujitsu has announced a new series of FMV Note U laptops, declaring…
AMD's decision to delay the launch of the Radeon RX 9070 and RX 9070 XT…