I'll bet they'll never attribute the value to Youtube that comes from being able to better target ads off-Youtube based on your Youtube views. Youtube might los

I'll bet they'll never attribute the value to Youtube that comes from being able to better target ads off-Youtube based on your Youtube views. Youtube might lose on paper, but generate more value in total for Google than direct costs. Google also gets a whole pile of AV to do speech-to-text and other analysis on (before any additional compression) that no other firm gets a chance to do.