YouTube to turn profit - NY Times

2010-09-04 17:29

Washington - Google-owned videosharing website YouTube is expected to turn a profit this year on revenue of $450m, The New York Times reported on Friday.

The newspaper, in an article about the rise of advertising on YouTube, said the site's revenue has more than doubled each year for the last three years.

Google does not release revenue figures for YouTube, which the internet search giant bought for $1.65bn in 2006, but senior executives have suggested recently that it is near profitability.

The Times quoted unidentified analysts as saying that this is the year the video site will turn the corner and make money.

YouTube has been gradually adding professional content such as full-length television shows and movies to its vast trove of amateur video offerings in a bid to attract advertisers.

Annual revenue of $450m would still only be a drop in the bucket compared to the money Google makes from search advertising.

- SAPA