Google Losing up to $1.65M a Day on YouTube
Submitted by: KnightMare @ 12:51 PM | Tuesday, April 14, 2009 | (url: http://www.intern...)
Google is spending more than $2 million a day on YouTube -- and it is nowhere near seeing a return on that investment. Indeed, it may be losing up to $1.65 million daily on the video site.
According to financial firm Credit Suisse and Internet measurement provider comScore Inc. , YouTube Inc. is on track to serve 75 billion video streams to 375 million unique visitors in 2009.
That's the good news. The bad? To support those visitors, Google (Nasdaq: GOOG) will spend more than $2 million dollars daily -- to be exact, up to $2,064,054 a day, or $753 million annualized, according to Internet Evolution calculations of YouTube's costs derived from a range of sources, including Bear Stearns & Co. Inc. , comScore, Credit Suisse, and Google itself.
Category: Technology | 17 Comments
Tags: google lol youtube
- Comments (17)
If they charged everyone $5/y - not even per month - people would pay and they'd make billions. Only half of their 375 million uniques need to pay up to make a profit.
the moment they try to charge for access to youtube is the moment another video site would become the new youtube.