Google Spending About $2 Million Per Day To Run YouTube
According to a study by Credit Suisse, Google is spending about $2 million per day to run YouTube. That comes out to cost about $753 million per year. Google bought YouTube a couple of years ago for $1.65 billion and had to deal with all the litigation that came with it.
Between the storage, bandwidth, content acquisition, revenue sharing, and other overhead costs, it adds up to about $2,064,054 a day according to InternetEvolution.com. YouTube’s actual revenue is not available but financial estimates believe it to be around $90 – $240 million. Based on all of this financial data, YouTube still has a long way to go in order to actually make a profit.
[via InternetEvolution.com]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry