YouTube Q1 Ad Revenue Climbs 21% to $8.1 Billion, Well Above Wall Street Forecasts [Yahoo! Finance]
FactSet Research Systems Inc. (FDS)
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Source: Yahoo! Finance
The figure for YouTube ad sales, up 21% year over year, was announced as part of parent company Alphabet's Q1 earnings. Wall Street analysts expected YouTube's ad revenue for Q1 to come in at $7.72 billion, according to StreetAccount. More from Variety Meta Q1 Revenue Jumps 27% and Profit Doubles to $12.4 Billion, Stock Falls on Weak Sales Outlook and AI Spending Forecast Spotify Q1 Results: User Growth Slows, Streamer Swings to Profit as It Hits 239 Million Premium Subscribers Watcher Responds to Fan Backlash Over Subscription Service by Saying New Content Will Be Free on YouTube After One Month: 'We Messed Up' That figure doesn't include subscription revenue generated by YouTube. In 2023, Alphabet's subscription services — including YouTube Premium and YouTube TV — generated $15 billion in revenue for 2023. Overall, Alphabet reported revenue of $80.54 billion, up 15%, and net income of $23.66 billion, up 57%, or $1.89 per share. That handily beat Wall Street expectation
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