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YouTube rakes in record $10.4 billion from ads even as users grumble about aggressive strategy
YouTube's advertising model has long been a source of frustration for its vast user base. The platform's approach to monetization, which often involves interrupting videos with unskippable...
www.techspot.com
YouTube achieved record-breaking ad revenue in the fourth quarter of 2024, raking in a staggering $10.4 billion from advertisements alone. This astronomical figure, representing a 13.8 percent increase from the previous year, comes amid mounting user dissatisfaction with the platform's aggressive ad strategy.
Alphabet CEO Sundar Pichai attributed much of the revenue jump to the 2024 U.S. presidential election. Combined spending on YouTube ads by the Democratic and Republican parties was almost double what they spent in the 2020 election, he said. This political advertising bonanza contributed significantly to YouTube's coffers, with over 45 million people watching election-related content on the platform on election day alone.
YouTube offers an escape from its ad-laden experience through its Premium subscription service, priced at $14 per month or $140 per year. However, many users balk at the cost, viewing it as an expensive solution to a problem of YouTube's own making.