engine - 5:51 pm on Jun 22, 2012 (gmt 0)
Estimates On YouTube's Revenues are $3.6 Billion [allthingsd.com]
Is Google making money off of YouTube? You betcha, Google execs told shareholders today, without offering the slightest bit of detail. Par for the course.
So, in lieu of real numbers from Google, hereís a Wall Street estimate: Google is making a ton of money from YouTube.
More specifically: The video site should generate more than $3.6 billion in gross revenue this year, says Citiís Mark Mahaney. After distributing some of that to partners, Google probably records net revenue of $2.4 billion, he says.