With Google (GOOGL) having reported on its latest quarterly earnings results, that means we also learned the latest on how YouTube is doing for the company. Quite well, it seems. In Google’s Q3 2023 earnings results report, YouTube put up ad revenue of $7.952 billion USD. Not only was that more than the previous quarter in Q2 2023, but it was also up year-over-year from Q3 2022’s earnings results reporting.
Google posted details about YouTube’s financials in its Q3 2023 earnings results on its investor relations webpages on October 24, 2023. It was there that Google reported ad revenue from YouTube had hit $7.952 billion USD for the quarter, contributing to positive beats for the company. By comparison, the Q3 2023 ad revenue was up from Q2, which ended up at $7.665 billion for the quarter. It was also up from Q3 2022, which ended up at $7.07 billion last year. All-in-all, YouTube seemed to outperform previous fiscal periods quite a bit this quarter.
Google’s continued success with YouTube contributed to its overall success in Q3 2023. The company put up $76.69 billion in revenue against a $76 billion Wall Street expectation. It also achieved an earnings-per-share that beat out both Wall Street and Whisper Number estimates. With YouTube continuing to contribute to the company’s success, it looks like the popular video platform remains a worthwhile investment in Google’s overall portfolio.
YouTube’s continually growing ad revenue doesn’t look like it’s slowing down anytime soon. Stay tuned for further financial reporting and breakouts as further companies report on their latest quarterly earnings results.
TJ Denzer posted a new article, Google (GOOGL) reports $7.952 billion of YouTube Q3 2023 ad revenue
You know how you double that revenue? Double the amount of ads!