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YouTube’s Revenue Will Top Disney’s This Year As It Becomes “The Home For All Things Video”, Analyst Says
YouTube's revenue will surpass Disney's this year, making it the top global player in media, according to Wall Street analyst Michael Nathanson.
Because of its massive viewing, which has twice eclipsed that for Disney and other media giants according to Nielsen, the valuation for the former black sheep has continued moving skyward. Despite his rhapsody about YouTube’s scale, growth and potential, Nathanson in the report actually lowered his 12-month price target on parent Alphabet’s shares by $10, putting it at $210. While the company has long touted growth of viewing of its content via a TV screen, confirming last month that it now has surpassed mobile, the ad marketplace is still catching up.
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