How Google plans to build on YouTube's $15 billion in ad revenue - Business Insider

. In the 2019 fiscal year, YouTube captured $15 billion in ad revenue, growing 36% year-over-year and accounting for almost 10% of the company's total revenue.To put the platform's size in perspective, last year YouTube pulled in more money than all of the ABC, NBC, and Fox broadcast networks combined and was around $5 billion short of Netflix's overall 2019 revenue of $20 billion.

The decision to finally disclose YouTube's revenue after 15 years is likely motivated by a desire to highlight YouTube's growth amid an earnings miss and declining search ad growth. YouTube's ad revenue nearly doubled in the last two years, rising from approximately $8 billion in 2017 to $15 billion in 2019, with annual growth of around 37% and 36%, respectively.

In comparison, growth in the substantially larger Google Search & Other category decelerated, dropping from 22% in 2018 to 15% in 2019 — below most estimates for the year.

Google CEO Sundar Pichai highlighted two ongoing efforts to make sure YouTube continues to attract ad dollars in the years to come: YouTube's plans to bolster shopping on the platform, amid a more general push into direct response advertising. Like a number of digital platforms such as Facebook, Instagram, and Pinterest, YouTube is attempting to move further down the purchasing funnel and encourage users to engage directly with the advertisements placed on the platform. Last year, YouTube

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Google earnings: Analysts say Google Cloud can take on AWS, Microsoft - Business InsiderGoogle Cloud is spending big to hire the right salespeople and developers, but analysts say the bet could pay off by making it more competitive with Amazon and Microsoft
Source: BusinessInsider - 🏆 729. / 51 Read more »

YouTube ad revenue was 9x more than Google paid to buy it - Business InsiderGoogle paid $1.65 billion in 2006 to acquire YouTube — which had around 65 employees — and called it 'the next step in the evolution of the Internet.' Just wow. YouTube ad frequency is borderlining insanity Who that's amazing how a single investment can appreciate, over the years. A key buy for Google remaining an Industry leader for years to come. A smart and strategic move.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Alphabet shows YouTube, Google Cloud sales amid disappointing results - Business InsiderAlphabet disclosed YouTube and Google Cloud revenue for the first time. But the new details couldn't hide a disappointing report.
Source: BusinessInsider - 🏆 729. / 51 Read more »