1 Billion Monthly Views, 4 Billion USD Revenue, No Profit. Who?February 26, 2015 3:47 am
For an entity that is as much part of our daily lives as Google is, no profit is a bad situation to be in. We spotted this stat today:
“Google Inc. nurtured YouTube into a cultural phenomenon, attracting more than one billion users each month. Still, YouTube hasn’t become a profitable business.
The online-video unit posted revenue of about $4 billion in 2014, up from $3 billion a year earlier, according to two people familiar with its financials, as advertiser-friendly moves enticed some big brands to spend more. But while YouTube accounted for about 6% of Google’s overall sales last year, it didn’t contribute to earnings. ”