‘YouTube’ Becomes Most Profitable Video Application of Q2 2019
YouTube, the US-based video sharing platform, generated more revenue from paid applications such as Netflix and Hulu in Q2 2019. According to data, YouTube has a $ 138 million profit in the second quarter of 2019.
YouTube was purchased by Google for $ 1.65 billion in November 2006, making it the most profitable video / photo sharing platform in Q2 2019. It was quite surprising that Youtube was in front of paid applications like Netflix and Hulu.
According to Sensor Tower data, in the second quarter of 2019, Kwai, TikTok, 17 LiveAF and PicsArt were the other five video / photo applications in the top five. However, let us mention that Sensor Tower’s data comes from gross user spending and does not include app revenue from third-party Android stores.
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YouTube generated a total revenue of $ 138 million worldwide, a 2.2-fold increase over the same period last year. US users accounted for 70% of YouTube’s revenue, followed by Japan (7%) and Great Britain (4%). The big difference between US spending and spending on other countries is probably due to the fact that YouTube TV is only available in the US.
One of the most amazing explanations in the report is that YouTube is the top-rated photo and video app on the App Store, but it is not on the top 10 in Google Play. This is a bit of a shock, considering that YouTube and Android share the same parent company. In addition, the report shows 17 LiveAF, the fourth highest-rated photo and video apps on the Google Play Store.