The fast-approaching object in Netflix’s rearview mirror? That’s YouTube.
The Google-owned video giant on Tuesday reported $7 billion in Q2 revenue, which, considering it marked an 84% spike from the same time last year, is impressive enough on its own. But YouTube’s big second quarter stood out for another reason: YouTube will very likely bring in more money than Netflix this year.
The two companies are already neck-and-neck when it comes to quarterly sales. Netflix last week reported $7.3 billion in Q2 revenue — only slightly more than YouTube’s haul for the quarter. And for the first half of 2021, Netflix reported $14.5