YouTube advertising revenue has reached a new high of more than $7.0bn, according to the latest company report.
The online video platform registered advertising revenue of $7.2bn in Q3 2021, a 43.0% increase from the previous year and only the second time it has topped $7bn.
While social media companies Facebook and Snapchat both reported challenges from Apple's recent iOS data privacy changes, the company said the impact on YouTube revenue was "modest".
Parent company Alphabet also called out connected TV (CTV) as YouTube's fastest-growing screen, with advertisers able to drive conversions...