YouTube reported its second best quarter ever in terms of sales on Tuesday, with the Alphabet-owned streaming platform posting $8.92 billion in Q3 revenue. Company executives said the strong quarter was driven in large part by artificial intelligence, which helped YouTube do a better job of recommending videos — a development that ultimately led to its viewers interacting with more ads.
Here are the key takeaways:
Revenue: Grew 12.1% year-over-year to $8.92 billion. It was the second straight quarter in which YouTube’s year-over-year increase declined, after revenues rose 20% year-over-year in Q1 and 13% last quarter.
Historical Comparison: YouTube’s best quarter in terms of sales came during Q4 2023, when the platform reported $9.2
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