YouTube Earns $8.6B in Ad Revenue in Q2, But Misses Wall Street Estimates
Even with overall video advertising market struggling, YouTube is still seeing its ad business grow.
The Google-owned video platform on Tuesday reported advertising revenue of $8.66 billion in Q2 2024, up 13 percent from $7.66 billion in the Q2 quarter a year ago. That was below Wall Street expectations of $8.93 billion, even as Alphabet as a whole beat Wall Street estimates.
While the YouTube ad numbers are down from 20 percent annualized growth of Q1, when compared to the lagging advertising n...
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