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Google: YouTube Will Soon Be “Very Profitable” July 17, 2009

Posted by andre in Internet & Communities.
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YouTube will be “very profitable” in the “not too distant future,” Google CFO Patrick Pichette said on the company’s quarterly earnings call today. The site’s monetized views have “more than tripled in the past year,” according to Jonathan Rosenberg, SVP of product management. “We’re now monetizing billions of views of partner videos every month.”

Google CEO Eric Schmidt, who’d previously given YouTube a few public spankings about pulling its weight in revenue, said today he was “very pleased” with the site’s money-making trajectory. […]

Read the full article at Google: YouTube Will Soon Be “Very Profitable”

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