Ancy's Blog

Google has acknowledged YouTube isn’t profitable

Posted on: June 18, 2009

SAN FRANCISCO – Internet video leader YouTube Inc.’s losses have been overblown by some analysts, but corporate parent Google Inc. doesn’t mind the misperception, according to a study being released Wednesday. Technology consultants at RampRate Inc. project YouTube’s operating losses this year at $174.2 million ā€” far below the $470.6 million estimated by Credit Suisse analysts Spencer Wang and Kenneth Sena in an April research report that became a hot topic on Wall Street and the InternetRead More

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