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YouTube Q1 Ad Revenue Climbs 21% to $8.1 Billion, Well Above Wall Street Forecasts
YouTube keeps eating up more share of the advertising pie: The video giant posted $8 billion in ad sales for the first quarter of 2024, up 21%.
YouTube keeps eating up more share of the advertising pie, with the Google-owned video giant posting $8 billion in ad sales for the first quarter of 2024, its highest Q1 total to date. Advertising Wall Street analysts expected YouTube’s ad revenue for Q1 to come in at $7.72 billion, according to StreetAccount. Overall, Alphabet beat analyst expectations for the quarter for revenue of $78.59 billion and earnings per share of $1.51, according to LSEG.
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