That’s a 30.4% increase year-on-year, so it’s safe to say they’re doing well. The Platform Recently Generated $19.7 Billion in Revenueīetween advertising and its Premium subscription service, YouTube raked in $19.7 billion in revenue during 2020. As of 2020, there are 20 million paying subscribers who are enjoying ad-free videos. Ultimately, this service was rebranded to YouTube Premium

Eventually, they launched YouTube Red in October 2015 with the same premise of eliminating ads for paying customers. Its purpose was to give users a way to consume music videos without being interrupted by ads. YouTube Premium Had Roughly 20 Million Users as of 2020Īs a way to provide ad-free content, YouTube unveiled Music Key in November 2014. Between 20, the number of hours of video uploaded every minute has grown by about 40%. Therefore, it should come as no surprise that 500 hours of video were uploaded every minute.

When it comes to long-form video content, YouTube tends to be the place creators turn to. As of February 2020, More Than 500 Hours of Video Were Uploaded Every Minute With It ranks just behind Facebook, which currently has control of the number one spot. When looking at it in terms of active users, YouTube ranks as the second most popular platform in the world.

While you may not consider YouTube to be a typical social media platform, it’s still a place for people to connect with one another through videos and in the comments section. To show just how well it’s doing worldwide, here are some fun YouTube statistics you should know: YouTube is the Second Most Popular Social Media Network Worldwide As the go-to platform for sharing video content, it should come as no surprise that YouTube has been pretty successful since its launch.

Apple billion active users