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YouTube Shelled Out $30 Billion to Creators Over Last 3 Years

24.08.2021 - 01:59

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thewrap.com

thewrap.com:

Bloomberg. Neal Mohan, YouTube’s chief product officer, told Bloomberg on Monday he doesn’t see that changing anytime soon. Last month, YouTube reported its Q2 revenue jumped 84% year-over-year to $7 billion.

That’s neck-and-neck with Netflix’s quarterly sales, and as TheWrap previously reported, both companies are expected to bring in about $30 billion this year.

YouTube’s Monday announcement likely wasn’t just a pat on the back; it could also be looked at as a signal its still the best place for video creators to make some dough.

The company is facing increased competition for creators, though, with Facebook recently saying it will pay $1 billion to creators by the end of 2022.

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msn.com

10.02.2022 / 11:14

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