
The world’s biggest free, ad-supported streaming service saw ad revenue decline for a third straight quarter, with Alphabet reporting a 2.6% year-over-year ad sales drop for YouTube in Q1 to $6.69 billion.
YouTube still narrowly outperformed equity analysts’ forecasts of $6.6 billion. It reported a 7.8% year-over-year revenue drop in the fourth quarter of fiscal 2022 and a 1.9% decline in Q3.