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Games & Commerce

YouTube ad growth slows as Q3 revenue of $11.2 billion misses expectations

YouTube\'s advertising revenue growth slowed in the third quarter and fell short of market expectations. Alphabet reported YouTube ad revenue of $11.2 billion, up 9.2 percent from a year earlier, about $223 million below the forecast $11.43 billion. In contrast, Alphabet\'s overall revenue rose 25 percent to $127.6 billion, and Google Cloud revenue jumped 103 percent to $30.7 billion. YouTube said paid subscribers to Music and Premium topped 150 million, and Nielsen data showed YouTube held a 15.8 percent share of U.S. TV viewing time in August.

Telecommunications & Media

YouTube dominates U.S. TV market with 1.8 times Netflix viewing

YouTube, not Netflix, was the most-watched streaming platform on U.S. televisions, as ad-supported free services also expanded their presence, the report said. Nielsen data for July showed YouTube took 14.2 percent of total U.S. TV viewing time, about 1.8 times Netflix’s 7.8 percent, while streaming overall accounted for 49 percent. The tally measured viewing time on TV screens, excluding smartphones and YouTube TV live viewing.

Telecommunications & Media

YouTube and TikTok emerge as rivals, adding to Netflix\'s new growth dilemma

Netflix released its third-quarter results on Oct. 20 and showed its ability to generate profits remains intact, but the market reaction was negative. Revenue rose 12 percent to $12.9 billion, while growth was the weakest in three years. Concerns over viewing-time growth, especially in the United States and Canada, weighed on sentiment. The company also faces competition from YouTube and TikTok and a lack of new hits.