Todd Spangler NY Digital EditorYouTube kept raking in huge bucks in the third quarter of 2021.The world’s largest video platform generated $7.205 billion in advertising revenue for the period, an annual increase of 43%.
That’s a new quarterly record for YouTube, up from $7 billion in Q2, and puts it close to Netflix’s Q3 quarterly revenue of $7.48 billion.Click here to sign up for Variety’s free newsletter.Overall, Alphabet — the parent company of Google and YouTube — posted $65.12 billion in revenue, up 41%, and earnings per share of $27.99, handily beating estimates.
Wall Street analysts on average expected Alphabet Q3 revenue to come in at $63.45 billion and EPS to be $23.47, per Refinitiv data.
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