Google CEO says YouTube will soon be profitable

"NetEase technology News" July 17, the Thursday, Google announced the second quarter earnings, the company revenue of 5.52 billion U.S. dollars, net profit of 1.48 billion U.S. dollars. Then Google CEO Eric Schmidt, CFO Patrick Pichett (Patrick Pichette) and so on attended the analyst meeting.

At an analyst meeting, Google said YouTube would make a profit in the near future.

YouTube will soon make a profit

In 2006, Google bought YouTube for 1.65 billion dollars, but it still has a loss. Losses are a mystery, and there are reports that YouTube is losing at least $500 million a year, or $174 million trillion.

"YouTube is now on track and we are very satisfied," Schmidt said. He added that Google has provided advertising facilities for marketers and advertising agents via YouTube.

Jonathan Rosenberg, senior vice president of product management and marketing at Google, said that "browsing has been converted into currency" and that people are watching the video at the same time as they are watching ads, and YouTube advertising has grown 3 times times more than last year. He said optimistically: "Every month we convert a few 1 billion video streams into money." ”

Google's CFO, Patrick Pichett, said: "We are really satisfied with YouTube's revenue growth, and the profits are tangible to YouTube, and ... And it's in the near future. It's a good business, very lucrative, and we've actually seen that. ”

When analysts asked Google what parts of YouTube were profitable, Mr. Schmidt replied: "Most of YouTube is viewed from unprofessional content." Every minute, YouTube accepts 15 hours of video content. Turning unprofessional content into money is not Google's priority, because most of it is about small audiences and it is difficult to find the right target. ”

Chrome OS to be completely different from the original operating system

While the economy remains sluggish, Schmidt believes the company's business has stabilised.

History has shown that companies that invest in innovation are more likely to get out of the doldrums, saying: "You are not a gradual change, but a change through great innovation." "There is no doubt that Google's operating system is an innovation," Schmidt said. "We need a fast operating system as well as a fast browser." ”

Once the Chrome OS succeeds, Google will use the platform to find more opportunities and deliver more profitable services, and Schmidt believes the current Chrome OS should focus on "creating a new experience that is completely different from the original operating system."