Today, the site is now streaming 4 billion videos per day, huge growth for such a short period. Overall, the site has seen massive 25 percent growth since May.
Additionally, the site says 60 hours of video are uploaded every minute, compared with 48 hours worth in May.
Google acquired YouTube back in 2006 for $1.65 billion, and is finally on the verge of being profitable. Graphical display ads that run in YouTube videos now generate "$5 billion in revenue on an annualized run rate basis."
While that number is large, only 3 billion YouTube videos are monetized every week, while the rest make no money or have little to no viewership.
Written by: Andre Yoskowitz @ 23 Jan 2012 20:09
