YouTube not profitable: Google

New Delhi, Aug 09: YouTube in not a profitable venture, Google said in a recent disclosure. Ad sales revenue from the popular video sharing site has not had “any material effect” on the revenue of the company, it said in its 10-Q SEC filing.Even though the website, which Google brought ... ...a whopping USD1.65 bn in 2006, gets record number of visitors it has not yet contributed in any significant way to Google’s profits. "Revenues realized through the Google Print Ads Program, Google Audio Ads, Google TV Ads, Google Checkout, YouTube and Postini were not material in any of the periods presented," the company said.And that not where the surprising disclosure ends, Google also lists YouTube as one of its significant risks. "[The] anticipated benefit of may of our acquisitions may not materialize. For example, we have yet to realize significant revenue benefits from our acquisitions of dMarc Broadcasting (Audio Ads) and YouTube.

Add to: del.icio.us | Digg