3/29/2024 0 Comments Beauty and a beat youtubeNetflix's market capitalization is $265 billion. But with YouTube's continued rate of growth, Campling said it would "soon eclipse Netflix as the new king of streaming." If YouTube were a stand-alone company, he added in a note to investors, it would be worth $600 billion to $700 billion. While YouTube has exponentially more users, Netflix has been able to win on revenue with its model of paid-only subscriptions. Meanwhile Netflix, with quarterly revenue of $7.5 billion, grew 16% during the same period. YouTube's ad revenue was $7.2 billion in the third quarter, up 43% from a year earlier. And although Netflix has long been the biggest by revenue, YouTube's continued growth has it poised to beat it as soon as this year, said Neil Campling, an analyst at Mirabaud Equity Research. While also considered a social-media platform, the Google-owned site's focus on video makes it a big rival for streamers, including Netflix. Streaming business by one important measure. YouTube grew so much lately that 2022 could be the year it supersedes YouTube's revenue grew 43% last year, compared to 16% at Netflix.As Netflix's subscriber growth slows, YouTube's revenue may soon outpace it, an analyst says.Netflix has for years been the biggest streaming business in the world.
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