Monday, 18 October 2010

YouTube is monetising 2 billion video views per week

"Google has reported revenues of US$7.2bn for the third quarter, up 23pc on last year and 7pc on Q2. The company, which has US$33bn in cash on hand, made a profit of US$2bn for the third quarter.
For the first time Google gave a glimpse of just how financially divisions like display and YouTube were actually doing.
Senior vice-president of product management Jonathan Rosenberg said Google’s annualised run-rate for display ad revenues is approaching US$2.5bn. YouTube is monetising 2 billion views per week, up 50pc on last year."
Source:  Official figures revealed by Google, reported by Silicon Republic, 18th October 2010

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