It may be hard to believe, but YouTube remains unprofitable. “While YouTube accounted for about 6% of Google’s overall sales last year, it didn’t contribute to earnings,” The
Wall Street Journal reports. How is that possible considering that the video giant post revenue of about $4 billion in 2014? Well “After paying for content, and the equipment to deliver speedy
videos, YouTube’s bottom line is ‘roughly break-even,’” WSJ reports, citing a knowledgeable source.
Read the whole story at The Wall Street Journal »