19 C
Jaipur
Wednesday, December 2, 2020

YouTube generates $5bn in ad revenue for Google in Q3

Must read

JD: JD.com, SF, Carlyle among bidders for CJ Group’s $1 billion China logistics business: Sources – Latest News

Chinese online retailer JD.com , delivery company SF Group and Carlyle are bidding for South Korean conglomerate CJ Group's China logistics business in a...

paytm: Paytm refutes report on China’s Ant Group considering stake sale – Latest News

Paytm on Wednesday refuted a report that said that one of the company's major shareholders, Chinese financial technology giant Ant Group, is considering the...

YouTube brought in $5 billion in advertising revenue in the third quarter of 2020, signaling that there has been a rebound in advertising revenue for both Google and YouTube. YouTube now has over 30 million music and premium paid subscribers, and over 35 million including those on free trials. YouTube TV now has more than 3 million paid subscribers. Also Read – YouTube getting new gestures, list view for chapters, and more on mobile

“As a sign of the times, views for guided meditation videos are up 40 percent since mid-March, while DIY face mask tutorials have been viewed over 1 billion times,” informed Alphabet and Google CEO Sundar Pichai. Also Read – YouTube blocks iOS 14 picture-in-picture, except on premium accounts

“Onto YouTube, people come to YouTube for entertainment, information and opportunities to learn something new,” Pichai said during the conference call on Thursday. Ruth Porat, CFO of Alphabet and Google said that consumers are showing strong demand across nearly all verticals. Also Read – YouTube brings ‘Shorts’ to benefit from TikTok ban in India

“YouTube advertising revenues were $5 billion, up 32 percent year-on-year, driven by ongoing substantial growth in direct response, followed by a rebound in brand advertising from increased spending by advertisers,” she informed.

Google’s advertising division brought in revenue of $37.1 billion, an increase from $34 billion last year. YouTube ads revenue increased 30 percent from $3.8 billion in the third quarter of 2019.

“Within YouTube’s subscription revenues, we continued to benefit from subscriber growth across its various offerings,” Porat said.





Source link

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

JD: JD.com, SF, Carlyle among bidders for CJ Group’s $1 billion China logistics business: Sources – Latest News

Chinese online retailer JD.com , delivery company SF Group and Carlyle are bidding for South Korean conglomerate CJ Group's China logistics business in a...

paytm: Paytm refutes report on China’s Ant Group considering stake sale – Latest News

Paytm on Wednesday refuted a report that said that one of the company's major shareholders, Chinese financial technology giant Ant Group, is considering the...