Last Updated: February 03, 2023, 17:40 IST
Shorts has become a big hit for YouTube
Google’s TikTok rival started late but has continued to grow at a brisk pace, giving creators another platform to make a living.
YouTube Shorts, Google’s answer to TikTok, is now averaging over 50 billion daily views, up from 30 billion that was last reported, Alphabet and Google CEO Sundar Pichai has announced.
Pichai said that this performance will reward creators and help improve the Shorts experience for everyone.
“Our subscription business continues to grow, with YouTube Music and Premium surpassing 80 million subscribers, including trials. Together with our YouTube Primetime channel subscriptions and YouTube TV, we have good momentum here,” Pichai said during the analysts’ call late on Thursday.
In December, the National Football League announced YouTube will pay around $2 billion a year for rights to the “Sunday Ticket”.
According to Pichai, YouTube’s NFL Sunday Ticket will help ace drive subscriptions, bring new viewers to YouTube’s paid and ad-supported experiences, and create new opportunities for creators”.
YouTube advertising revenue was $7.96 billion — down 8 per cent from $8.63 billion the year prior — in the December quarter.
“Beyond our advertising business, we have strong momentum in Cloud, YouTube subscriptions, and hardware. However, our revenues this quarter were impacted by pullbacks in advertiser spend and the impact of foreign exchange,” said Pichai.
He said there are many opportunities to build on the progress at YouTube over the years, starting with Shorts monetisation.
“Overall, I see this as an important journey to re-engineer the company’s cost base in a durable way,” said Pichai.
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(This story has not been edited by News18 staff and is published from a syndicated news agency feed)