Youtube Is On Pace To Bring In Annual Revenue Comparable To Netflix
https://www.cnbc.comGoogle’s YouTube is already the world’s largest online video platform. If continues growing the way it has the last several quarters, it could also match Netflix in revenues by year’s end.
In its first-quarter earnings report Tuesday, Google parent company Alphabet said YouTube brought in revenue of $6.01 billion in advertising revenue during the quarter — up from $4 billion from a year ago, for a growth rate of 49%. That’s an acceleration over its 46% growth in Q4. It’s also nearly twice the growth rate of Netflix, which reported 24% revenue growth in Q1, and expects growth to slow to 19% next quarter.
The two services do have dramatically different business models. Netflix revenue comes almost exclusively from its paying subscribers while YouTube only has a fraction as many subscribers as Netflix, it’s got hours on its side. YouTube users watch one billion hours of video per day while Netflix viewers tune in for 400 million hours.
