Netflix, Beware: YouTube Could Bring in More Money in 2021 | Chart
The fast-approaching object in Netflix’s rearview mirror? That’s YouTube. The Google-owned video giant on Tuesday reported $7 billion in Q2 revenue, which, considering it marked an 84% spike from the same time last year, is impressive enough on its own. But YouTube’s big second quarter stood out for another reason: YouTube will very likely bring in more money than Netflix this year. The two companies are already neck-and-neck when it comes to quarterly sales. Netflix last week reported $7.3 billion in Q2 revenue — only slightly more than YouTube’s haul for the quarter. And for the first half of 2021, Netflix reported $14.5 billion in sales, compared to $13 billion for YouTube. Netflix may have a slight lead right now, but once you factor in how fast the two companies are growing, it’s easy to see YouTube pulling ahead by the end of 2021. The chart below helps make it clear: YouTube’s recent revenue growth is blowing Netflix’s out of the water. Netflix’s revenue the past two quarters increased 24% and 19% year-over-year, respectively; YouTube’s revenue jumped 50% during the first quarter, before its 84% jump during the spring. At the same time, Netflix isn’t bringing in subscribers like it...
Read original story Netflix, Beware: YouTube Could Bring in More Money in 2021 | Chart At TheWrap
