YouTube made over $6 billion in ad revenues in Q1 2021, up almost 50% YoY
YouTube’s parent company Alphabet shows the video streaming platform made over $6 billion from ads in the first quarter of 2021 alone.
Stay-at-home orders have seen YouTube’s ad revenues saw 49% over last year. Alphabet, YouTube’s parent company, reported the video streaming service made a little over $4 billion in ad revenues in the same quarter last year. This quarter’s financial earnings report shows YouTube ad revenues were over $6 billion. This does not include revenue from YouTube’s other products such as YouTube Premium and YouTube TV.
As a whole (including Google), Alphabet reported total revenues of over $55 billion in Q1 2021, a 34% year-over-year increase, and above analyst predictions at $52 billion.
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Sundar Pichai, CEO, Google and Alphabet