On today’s edition of winners & losers, financial expert Rob Black discusses the the latest in streaming wars.
YouTube grew so much lately that 2022 could be the year it supersedes Netflix as the biggest streaming business.
While also considered a social media platform, the Google-owned site’s focus on video makes it a big rival for streamers like Netflix.
YouTube’s ad revenue was $7.2 billion in the third quarter, up 43% from a year earlier. Meanwhile Netflix, with quarterly revenue of $7.5 billion, grew 16% during the same period.