YouTube now makes over $3M per hour from ads
YouTube would probably not be on your list if you anticipate which companies will grow in the “new normal” era because conventional thinking and early data predicted that global lockdowns would substantially hit online advertising.
YouTube generated $19.77 billion in ad income in 2020, a 30.5% increase over the previous year. Even YouTube’s most fervent commercial believers may not have predicted its growth in 2021.
In the second quarter of 2021, YouTube generated $7.002 billion in advertising revenue, nearly $77 million a day, or $3.2 million per hour. YouTube’s ad revenue was up by 83.7% over the same period in 2020 ($3.812 billion).
At the beginning of this year, MBW forecasted YouTube’s annual advertising income would surpass $29 billion.
According to Alphabet, that seems possible because the platform generated $13.007 billion in ad revenue from January to June. That’s roughly double what YouTube made in the same period last year ($7.850 billion).
Remember, these figures don’t reflect monthly subscription earnings from subscribers who pay for YouTube Music and YouTube Premium. YouTube Music owned 8% of the global music subscription market at the end of this Q1. With 487 million global music users, YouTube has around 39 million subscribers.
Advertising expected to decrease after the outbreak, or so they thought
Businesses were expected to spend less on advertising following the pandemic, yet they ended up spending more than we all expected. Google has now broken the record for ad revenue ($3 Million per Hour).
With this much money, you can be sure that something is working for advertisers on YouTube, and it will continue to be one of the most powerful venues for generating new leads and sales for your company.
But if you plan to promote on YouTube, you should also have a powerful tool to help you optimize your profits. YouTube allows you to show your ads on almost any video, which is the most effective targeting method.
Still, it was also the most difficult because there was no straightforward way to gather relevant content on YouTube without identifying them one by one. TubeSift can help you with that!
This tool can assist you in quickly extracting lists of highly relevant monetized videos to advertise on YouTube. Discover the best channels in any niche and promote across all channels using the Integrated Dual-Source Keyword Tool, identifying high-traffic keywords to target.
View ads running on videos in your search results to gain insights into your competition, and even use TubeSift Banner Design Studio to create eye-catching video ad companion banners. Tubesift is the best tool for riding YouTube’s insane wave of advertising potential.
Visit TubeSift.com to get your license.
- YouTube is now generating over $3M an hour from ads – more than $75M per day from Music Business Worldwide
- TubeSift Power User Generates over €1.2 M with YouTube Ads from the Tubesift Blog
- 4 Tips to Thrive in the Future of Video Advertising from the Tubesift Blog
- Video Consumption Exploded during the Pandemic from the Tubesift Blog
- YouTube Pays Creators more than Facebook from the Tubesift Blog