Come as the video-sharing platform Coinbase User List experiences a significant increase in streaming of music videos to an all-time high, likely because homebound audiences are seeking digital entertainment during the pandemic. More than 2 Coinbase User List billion of its logged-in viewers watch at least one music video a month, while more than half of those who consume music content in a day listen or watch more than 10 minutes a day,
According to YouTube data cited Coinbase User List by Variety. YouTube forecasts that the audio formats will increase ad revenue from its library of streaming music that includes more 70 million official tracks, remixes, live performances, covers Coinbase User List and other content, per Variety. YouTube’s advertising growth has been a bright spot for Google’s parent company Alphabet. The tech giant in reported a 32% yearly gain to $5 billion in YouTube ad revenue in the third quarter,
Outpacing the 9.8% ad sales growth Coinbase User List for the entire company. Audio ads can help YouTube to maintain that momentum. For music artists and record labels, the audio ads will give them a way to increase revenue from YouTube, which offers revenue-sharing for content providers, according to Variety.