YouTube Hits $7B in Ad Revenue, Tops Wall Street Expectations

YouTube raked in more than $7B in ad revenue during Q2 of this year, parent company Alphabet reported in its quarterly earnings today.

7/28/2021 2:15:00 AM

YouTube raked in more than $7B in ad revenue during Q2 of this year, parent company Alphabet reported in its quarterly earnings today.

YouTube raked in more than $7 billion in ad revenue during Q2 of this year, parent company Alphabet reported in its quarterly earnings on Tuesday.

Pavlo Gonchar/SOPA Images/LightRocket via Getty ImagesThe video platform's ad revenue grew nearly 84 percent year over year, according to an earnings report from parent company Alphabet.YouTube raked in more than $7 billion in advertising revenue during the second quarter of this year, parent company Alphabet reported in its quarterly earnings on Tuesday.

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The Q2 revenue, which exceeds Wall Street expectations, bests the video platform’s Q1 ad revenue performance by $1 billion and represents a nearly 84 percent year-over-year increase.Meet The Latin Artists on YouTube's Foundry Class of 2021: Bad Milk, Tokischa & More

During an earnings call with investors, Alphabet and Google CEO Sundar Pichai said YouTube Shorts, the video platform’s short-form video offering, has surpassed 15 billion daily views, an increase from the 6.5 billion daily views that the company reported in March. Pichai also highlighted YouTube’s payments to creators — over $30 billion has been paid out to creators, artists and media organizations over the past three years — and said the video platform paid more to YouTube partners and creators than in any other quarter in the company’s history. headtopics.com

Alphabet reported $61.88 billion in revenue for Q2, a 62 percent increase from the previous year, and a net income of $18.52 billion.How YouTube Serves 2B Monthly Music Users Blending Algorithms With Editorial“In Q2, there was a rising tide of online activity in many parts of the world, and we’re proud that our services helped so many consumers and businesses,” Pichai said. “Our long-term investments in AI and Google Cloud are helping us drive significant improvements in everyone’s digital experience.”

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YouTube Hits $7B in Ad Revenue, Tops Wall Street ExpectationsYouTube raked in more than $7 billion in advertising revenue during the second quarter of this year, parent company Alphabet reported in its quarterly earnings on Tuesday. The Q2 revenue, which exc… this is bizarre to me cause ive never ever seen one ad on you tube. I see a helluva lotta stupid content aimed at braindead kids or girls obsessed with make up.

YouTube Hits $7B in Ad Revenue, Tops Wall Street ExpectationsYouTube raked in more than $7 billion in advertising revenue during the second quarter of this year, parent company Alphabet reported in its quarterly earnings on Tuesday. The Q2 revenue, which exc… this is bizarre to me cause ive never ever seen one ad on you tube. I see a helluva lotta stupid content aimed at braindead kids or girls obsessed with make up.

Microsoft beats quarterly revenue estimates on cloud boostMicrosoft Corp (MSFT.O) beat Wall Street expectations for quarterly revenue on Tuesday, as demand soared for the software giant's cloud-based services with more people working and learning remotely.

Here’s what major Alphabet analysts expect from earnings after the bellAlphabet earnings are on deck, and analysts say investors should be watching for YouTube ad revenue and Google Cloud trends, among other things.

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