YouTube advertising revenue bounces back in latest financial results

By our News Team | 2023

After three consecutive quarters of declining advertising revenue as it fights TikTok’s rising prominence, You Tube’s ad sales improve.

After a long period of underperformance, YouTube’s advertising revenue bounced back in the second quarter (Q2) of 2023, according to financial results published by parent company Alphabet (which also owns Google) last week.

Previously, YouTube had seen its ad sales fall on a year-over-year basis for three straight quarters as TikTok’s audience grew. But now it has bounced back with a 4% increase in ad revenue, versus the same period last year.

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As in previous quarters, Alphabet executives said they believe newer YouTube product offerings such as YouTube Shorts (short videos similar to those on TikTok) and YouTube’s connected TV (CTV) will ultimately be strengths that will enhance advertising income.

Shorts, for example, are now said to be watched by over 2-billion logged-in YouTube users monthly, up from 1.5-billion a year ago.

Signs of stabilisation in advertiser spending

“[In] YouTube, we saw ongoing signs of stabilisation in advertiser spending,” Ruth Porat Chief Financial Officer of Alphabet and its subsidiary Google, said during a results call with market analysts. 

“We are prioritising product focus on increasing quality consumption of video content with both Shorts and in the living room, which is translating into improved monetisation.”

Comments marketing industry news website, Marketing Dive: “The platform’s gains arrived in the midst of a rocky ad market where many brands have clamped down on spending, with video typically being a pricier option.”

YouTube’s better news on ad revenue comes at a time when Google’s video ad placement practices have been under fire. Adalytics, a specialist in advertising analytics, has alleged that ads placed with Google and intended for YouTube were instead appearing on low-quality sites or with the audio turned off, among other shortcomings.

For its part, has claimed Adalytics’ findings were based on faulty methodology.

Dr Kin Kariisa

Group CEO - Next Media

Dr. Kin Kariisa is an extraordinary force at the helm of Next Media Services, a conglomerate encompassing NBS TV, Nile Post, Sanyuka TV, Next Radio, Salam TV, Next Communication, Next Productions, and an array of other influential enterprises. His dynamic role as Chief Executive Officer exemplifies his unwavering commitment to shaping media, business, and community landscapes.
With an esteemed academic journey, Dr. Kariisa’s accolades include an Honorary PhD in exemplary community service from the United Graduate College inTexas, an MBA from United States International University in Nairobi, Kenya, a Master’s degree in Computer Engineering from Huazong University in China, and a Bachelor’s degree in Statistics from Makerere University.
Dr. Kariisa pursued PhD research in Computer Security and Identity Management at Security of Systems Group, Radboud University in Nijmegen, Netherlands. As a dynamic educator, he has shared his expertise as a lecturer of e-Government and Information Security at both Makerere University and Radboud University.

Dr Kin did his PhD research in Computer Security and Identity Management at Security of Systems Group, Radbond University in Nigmegen, Netherlands. He previously served as a lecturer of e-Government and Information Security at Makerere University in Kampala, Uganda and Radbond University in Netherlands.

Dr Kin did his postgraduate courses in Strategic Business Management, Strategic Leadership Communication and Strategies for Leading Successful Change Initiatives at Harvard University, Boston USA.

  • Other current and previous roles played by Dr Kin Kariisa:
  • Lecturer of e-Government and Information Security to graduate students at Makerere University, Kampala and Radbond University in the Netherlands
  • Director of Eco Bank Uganda Limited, one of the largest banks in Africa
  • Chairman of the National Association of Broadcasters, an umbrella industry association for all Television, Radio and online broadcasters in Uganda.
  • Chairman of Board of Directors of Nile Hotel International, that owns the leading hotel in Uganda, Kampala Serena Hotel.
  • Chairman of Board of Directors of Soliton Telmec Uganda, the leading telecom company in Optic fibre business managing over 80% of optic fibre in Uganda.