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You realize that revenue and profit are distinct? Uber has massive revenues as do many other capital intensive businesses. That doesn't make them profitable.
by rrdharan 6y ago
You realize that revenue and profit are distinct?
Uber has massive revenues as do many other capital intensive businesses. That doesn't make them profitable.
- fakedang 6y agoLast time I checked, YouTube ads were a very profitable business. The parent to your comment chose revenue likely to note that Google makes money from the bed ie. it's not a service given away for free.
- MattGaiser 6y agoThe bed referred to the community generated subtitles, not YouTube overall.
- martinpw 6y agoWhere did you check this? AFAIK YouTube profits (if any) are not broken out anywhere. At least not as of early this year: https://www.cnbc.com/2020/02/03/google-still-isnt-telling-us-about-youtube-and-cloud-profits.html https://www.cnbc.com/2020/02/03/google-still-isnt-telling-us... Alphabet said YouTube ad revenue in the first quarter reached $4.7 billion, while cloud sales came in at $2.6 billion. The company broke those numbers out for the first time, but it’s still not disclosing profit figures for the units.
- NoOneNew 6y agoYea, but anyone that owns a small business understands how you hide profit so you get taxed less. Given how quickly and easily the axe comes down on sub par Google products, I highly doubt they'd keep YouTube if it wasn't profitable.
- root_axis 6y agoIs the definition of the word "free" another casualty of this era? It's literally free...