this post was submitted on 14 Oct 2023
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Google have been saying that for ages, that their YouTube advertising revenue does not cover YouTube's running costs.
Source please.
I tried a search "youtube still running at a deficit"
The ONLY relevant result I got was this 7 year old post on reddit: https://www.reddit.com/r/youtube/comments/593tgc/reminder_google_runs_youtube_at_a_loss/
I made the search on Google, and found this: https://www.businessofapps.com/data/youtube-statistics/
Lots of talk about revenue, but nothing on profit/loss, except they had had losses up until 2014.
Mate 2015 was only yesterday.
Fair play though lol I hadn't quite realised how long it had been.
Also I wouldn't take the losses up until 2014 to mean anything except that the 2015 financials hadn't been published at that time the WSJ article (which both links source) had been written.