YouTube Q2 Ad Revenue Hits Record $7 Billion as Alphabet Trounces Estimates
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variety.comTodd Spangler NY Digital EditorYouTube accelerated back into high growth for the second quarter of 2021, as ad revenue hit a record $7.0 billion for the period.Advertising revenue at the world’s biggest video platform jumped 84%, up from $3.81 billion in the year-earlier period when COVID put a damper on marketing spending.
Alphabet, Google’s parent company, reported YouTube’s ad revenue as part of its Q2 earnings — which blew past Wall Street expectations.Click here to sign up for Variety’s free Media Earnings newsletter.Overall, the internet giant posted revenue of $61.88 billion and net income of $18.5 billion (or $27.26 per share) — also quarterly records.
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