Youtube’s Ad Sales For Q3 Fy23 Surged By 12.5%, Reaching Nearly $8 Billion

Published on: 27 October 2023 Last Updated on: 30 October 2024

All those pesky YouTube Ads are turning out to be a boon for YouTube. For the end of the quarter on September 30, 2023, tech giant Alphabet, the parent company of Google, reported a total ad revenue of $59.6 billion. The ad revenue touched $44 billion, which was brought in by Google’s search business, which marked a hike of 11.3 %.

YouTube has generated $7.95 billion in ad revenue for Q3 2023. It has been a 12.5% increase from the previous year. The corporation has credited the positive outcome to brand and direct-response advertising. The total ad revenue for the company has grown by 9.5%.

The ad revenue in the previous year had been a far lesser number- a mere 1.9% since 2021.

At an investor call, Sundar Pichai, CEO of Google, reported that daily views for the short-form video platform have increased significantly. YouTube Shorts has increased in views to 70 billion per day. It was 50 billion earlier this year. He even added that the company is planning to introduce enhancements for Shorts, including AI-powered editing tools along with other features.

In his statement, he said, “I’m pleased with our financial results and our product momentum this quarter, with AI-driven innovations across Search, YouTube, Cloud, our Pixel devices and more. We’re continuing to focus on making AI more helpful for everyone; there’s exciting progress and lots more to come.”

Google has registered a total profit of $19.7 billion for the third quarter of 2023. It marks a 46% increase from that of Q3 of 2022. The company’s total revenue has reached $76.7 billion (11%).

Google’s cloud computing services, Google Cloud, have also seen an increase in profit margins due to increased business in AI training tools. It marked a growth of 22% year over year in revenue.

Interestingly, Google Cloud’s performance in Q3 revenue of $8.41 billion fell short of investor expectations. It missed the planned $8.64 billion. Alphabet is even facing an antitrust trial, where it has been alleged of monopolistic practices in search dominance.

This has led to Alphabet’s shares declining over 6% in after-hours trading, despite YouTube’s otherwise strong performance.

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Taylor Swift and Travis Kelce's Festive PDA Steals the Spotlight

Taylor Swift and Travis Kelce’s Festive PDA: Touchdown for Love!

In the festive spirit, Taylor Swift and Travis Kelce are spreading holiday cheer with a cozy PDA moment captured by barber Patrick Regan. Sharing a carousel of images featuring Kelce's fresh haircut, Regan tucked in a sweet shot of Swift planting a kiss on Kelce's cheek. Expressing gratitude to the 1989 singer in his caption, Regan showcased his skills with Kelce's new look and shared behind-the-scenes details. He highlighted his Mini Travel Case by @babyliss4barbers, a thoughtfully designed kit perfect for traveling barbers, fitting seamlessly into his Babyliss Travel Backpack. The intimate snapshot of Swift and Kelce is the highlight of the carousel, emphasizing their connection beyond the football field. This heartwarming moment follows a series of photos released in October by Chariah Gordon, girlfriend of Kelce's teammate Mecole Hardman, Jr., capturing the affectionate side of both couples. Adding to their public appearances, Swift and Kelce were recently photographed holding hands after a Kansas City Chiefs game, showcasing their supportive dynamic. https://twitter.com/TheSwiftSociety/status/1734038292369162529?s=20 Swift opened up about their relationship in a recent Time interview, contrasting it with her more private past relationships, notably with Joe Alwyn. In her own words, Swift described the beauty of a public relationship, where they embrace each other's passions openly. She emphasized the joy of sharing experiences, being present for one another, and letting the world witness their genuine connection. This openness starkly contrasts the efforts required to keep relationships private, reflecting the couple's pride in each other. As the holiday season unfolds, Swift and Kelce continue to capture hearts with their delightful public displays of affection, embodying the festive spirit and celebrating their love openly. Stay tuned for more glimpses into this dynamic duo's journey, both on and off the field. Learn More About: This Is Why Taylor Swift Sends Kelly Clarkson Flowers After Every Re-Recording Taylor Swift Announced Release And Streaming Of “Eras Tour” Movie On Her Birthday Taylor Swift’s “1989 (Taylor’s Version)” Becomes #1 On Billboard 200’s With Record-Breaking Debut

Riverhead Big Lots Is Closing Route 58 Store

The front entrance to Route 58 retail store now has signs announcing "STORE CLOSING", "NOTHING HELD BACK", and "ENTIRE STORE UP TO 20%". There were even two designated storekeepers standing on the sidewalk of Route 58 holding the store closing sign this morning. Their company spokesperson was not immediately available for comment. Representatives of the real estate agency in Queens that advertised the other two smaller rents in Staples Plaza (where Big Lots is situated) also weren't reachable for comment. The Big Lots was originally occupied by a permanent home store. The plaza was opened in the 1980s. Later on the space got occupied by Ultimate Fitness East. They moved out in the summer of 2013. In that fall, a store of Big Lots launched there. Big Lots is a publicly traded organization operating 1,422 stores in 48 states all across the U.S. The company's investor relations website reveals. The big box retailer is expected to showcase its third-quarter results to all its investors on Thursday. It has struggled in recent years, with its stock value plummeting more than $39 per share in the last five years to a sinking $4.14 per share yesterday. Big Lots Inc. has seen a huge downturn in both its revenues as well as net income year after year in the fiscal year of 2023 so far. In January, the company announced that it would close some stores in its larger urban markets in California and Colorado. Read Also: Is Walmart Open On Thanksgiving? Here Is A List Of What’s Open Pinterest Launched A New Education And Information Hub For Creators Taylor Swift Sings ‘Say Don’t Go’ ‘It’s Time To Go’ Live At The Final Eras Tour Show

Yellow Metal Is Expected To Be Range-Bound With Minimal Bearish Bias

Yellow Metal Is Expected To Be At A Range-Bound With A Minimal Bearish Bias

Gold and Silver Prices are weaker in midday U.S. trading Thursday. Traders are looking ahead to the Labor Department on September Friday morning regarding the employment situation. European and Asian stocks were mixed overnight in U.S. stock indexes at midday at a lower rate. The risk aversion is present and delayed this week. Other interest rates have sourced the global economic outlook. Anuj Gupta, the Head of Commodity at HDFC Securities, said that gold prices yesterday were corrected and closed at 58593 due to no refresh buying interest in the market. The expectation of an increment rate is also putting pressure on Gold. The market awaits the FOMC decision and U.S. Economic data on every interest rate. We even noticed some profits while booking in the dollar indexing from the higher rate. Several Jobs in the precious metal industry also calculate the gold and silver mild pressure rate. However, the market price is still very short-term and due for a satisfactory corrective bounce very soon. The first resistance was seen on Tuesday at $1,843.50 and then at $1,850.00. The Associate VP, Praveen Singh, has said, ”The US CPI inflation data (August) showed that the US core CPI inflation m-o-m rose 0.30% Vs the forecast of 0.20%, thus registering the first increase in six months, whereas the headline CPI inflation y-o-y was up 3.70% as against the forecast of 3.60%.” He further said, “However, a 0.60% rise in m-o-m reading, led by gasoline, rent, new cars and shelter, amounts to near 8% inflation on a y-o-y basis, which is uncomfortably high. The CPI reading has risen for two straight months on a y-o-y basis." Read Also: What To Consider When Investing In Gold Coins Is Precious Metals A Good Career Path In 2023? Investing In Gold And Silver Bullion

Youtube’s Ad Sales For Q3 Fy23 Surged By 12.5%, Reaching Nearly $8 Billion

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