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YouTube was the real hero of Google's Q1 earnings, and it should set off alarm bells at Netflix [Fortune]
Last netflix, inc. earnings: 4/21 04:00 pm
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US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Google's subscriptions grew 18% in the first three months of the year driven by YouTube , while YouTube's ads business grew 21%. And company executives ticked off a string of other metrics and milestones intended to show the progress being made in streaming. YouTube subscriber bases are hitting critical mass with TV, its cable-plus television streaming service, now at 8 million users, and Music and Premium boasting over 100 million (including trial users). This will help the video giant generate $3.12 billion in revenue from YouTube subscriptions this year (versus $2.87 billion in 2023), predicts EMarketer. “More and more people are watching YouTube from the living room,” said Chris Ballard, managing director at Check Capital Management. Driving much of that growth was demand to watch NFL games via the company's ultra-pricy Sunday Ticket offering, as well as its cable alternative YouTube TV and the ad-free Premium version of YouTube. YouTube TV subscribers get over 100 TV chann
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- Video streaming services see downloads, active users drop in April, BofA report shows [Yahoo! Finance][Yahoo! Finance]
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