YouTube Earns $8.6B in Ad Revenue in Q2, But Misses Wall Street Estimates

Category: Business

YouTube's advertising revenue reached $8.66 billion in Q2 2024, marking a 13% increase from the previous year, despite falling short of Wall Street expectations. This growth highlights YouTube's dominance in the video ad market, even as traditional media struggles. Alphabet's overall revenue also grew to $84.7 billion, driven by strong performance in Search and Cloud services.

Keywords: YouTube, advertising revenue, Alphabet

Source: The Hollywood Reporter

Update At: 7/24/2024

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