Google Bought YouTube For $1.65B And Now It Prints $50B In Revenue Just In 1 Year — Sundar Pichai Says Alphabet 'Leaning Into The Living Room Experience'

Quick Summary:

What Happened: The achievement, announced during Alphabet Inc.‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) third-quarter earnings call, reflects YouTube’s successful expansion into premium services and living room entertainment, competing directly with traditional television and streaming services.“Together, YouTube TV, NFL Sunday Ticket and YouTube Music Premium are driving subscription growth for the platform,” said Sundar Pichai, CEO of Alphabet Inc., Google’s parent company.“We are leaning into the living room experience with multi-view and a new option for creators to organize content into episodes and seasons, similar to traditional TV.”

The platform ...

YouTube, the video platform Google acquired for $1.65 billion in 2006, has generated $50 billion in combined advertising and subscription revenue over the past four quarters, marking a milestone in its evolution from a user-generated content site to a major streaming player.

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Author / Journalist: Kaustubh Bagalkote

Category: Technology

Markets: United States

Topics: US38259P7069 Tech Markets Equities Benzinga neuro Benzinga Kaustubh Bagalkote Artificial intelligence US38259P5089 Social Media News GOOGL Sports GOOG Entertainment Sundar Pichai YouTube

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 03:53:29 (2 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 459 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 23334729

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