YouTube Now Earns More From Ads Than Every Major TV Network Combined

YouTube outearned Disney, Warner Brothers Discovery, Paramount, and NBC combined in video ad revenue last year, according to media research firm Moffett Nathanson.

Two things happened at once to produce that gap. YouTube grew its ad revenue by more than four billion dollars in 2024, while the legacy networks saw their commercial sales fall by roughly the same amount.

The numbers cover advertising only and do not include subscription revenue from either side.