The Google-owned video giant is now neck-and-neck with Netflix’s quarterly revenue
YouTube’s big run during the COVID-19 pandemic continued during the second quarter, with Google reporting on Tuesday the internet video giant brought in $7 billion in revenue during Q2.
The $7 billion in sales set a new quarterly record for YouTube and was an 84% increase from the same time last year, when YouTube brought in about $3.8 billion. Wall Street analysts were looking for YouTube’s Q2 sales to hit $6.4 billion.
YouTube’s big second quarter nearly matched the $7.34 billion Netflix reported in Q2 revenue last week.
More to come…
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