this post was submitted on 17 Apr 2024
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[–] HopeOfTheGunblade@kbin.social 57 points 7 months ago (4 children)

YouTube lost google -31.5 billion in 2023, approximately 10% of all of alphabet's revenue.

[–] Th4tGuyII@kbin.social 62 points 7 months ago (1 children)

I was genuinely confused by this statistic until I realised it was a double negative. YouTube losen't Google a lot of money.

[–] HopeOfTheGunblade@kbin.social 26 points 7 months ago

Yeah, sorry, sometimes I can't help my need to play with language, when given the slightest chance.

[–] PCurd@feddit.uk 3 points 7 months ago (1 children)
[–] HopeOfTheGunblade@kbin.social 4 points 7 months ago (1 children)

Yeah, unfortunately I couldn't find revenue numbers. It seems unlikely to be costing that much to host. I'd be really surprised to learn it isn't cash positive at this point.

[–] PCurd@feddit.uk 2 points 7 months ago

Best I could find is the entire division makes about 35% profit and you’d have to assume some of that was YouTube

[–] SomeGuy69@lemmy.world 2 points 7 months ago* (last edited 7 months ago) (1 children)

And as we know companies prefer to provide a service with a loss, for decades. Name a company that can make -31.5 billion and keep going. Or maybe the data went to google, where they made the money.

[–] HopeOfTheGunblade@kbin.social 4 points 7 months ago

Not made -31.5 billion. Lost -31.5 billion. As in they brought in that much, not cost it.

[–] freebee@sh.itjust.works 1 points 7 months ago

Do they somehow calculate in this the value off the youtube harvested user data that serves other Google branches? No, right?