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Thursday, September 09, 2010

Google's CEO Says YouTube "Nearing Profitability", But Still Costing Google Money

Dan Rayburn | Thursday September 9, 2010 | 01:39 PM | Comments (0)
Dow Jones (subscription required) is reporting that Google's CEO just commented at an event in Paris that YouTube is, "nearing profitability and its revenue is doing quite well". This should put to rest the debate on whether or not YouTube is profitable today, it isn't. Of course, this would not be the first time Google has said that YouTube will be profitable soon, but since they have been saying that for almost two years now, it's hard to know when it will truly turn a profit. I don't think anyone would debate that YouTube will be profitable at some point, the really question is when and if Google will share details regarding the profitability of the YouTube business once they reach it.

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Daily posts by Dan Rayburn about the online video industry, business trends & analysis, market data & research as well as the online video business models in the media & entertainment, broadcast, advertising & enterprise industries.

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