Posted 7/25/2023, 10:00:07 PM
YouTube Pops, Snap Fizzles
- YouTube's revenue increased by 4% to $7.67 billion, breaking a streak of three consecutive declines.
- This is good news for creators who earn a portion of revenue from ads on their videos.
- The increase in YouTube's revenue suggests that the digital advertising market is starting to recover for some tech giants.
- In contrast, Snap reported a decline in revenue compared to last year.
- Alphabet, the owner of YouTube, saw an overall revenue increase of 7% to $74.6 billion year over year.