Report Shows That YouTube Contributed $55 Billion to the US Economy in 2024
Briefly

In 2024, YouTube made a significant impact on the U.S. economy, contributing $55 billion to GDP and supporting approximately 490,000 full-time jobs. Since its inception in 2007, YouTube transformed content creation by enabling creators to earn a substantial share of the revenue generated through advertising and subscriptions, disrupting traditional media industries. This unique model not only enriched creators but also fostered entrepreneurship, allowing millions of content creators to thrive and connect with audiences globally, ultimately shaping a diverse landscape of engaging content that serves entertainment, education, and culture.
In 2007, YouTube had a radical idea that shouldn't have been so radical - what if creators earned a real share of the value they create? By sharing more than half of advertising and subscription revenue directly with creators, YouTube broke down traditional barriers to entry.
Today, YouTube provides a vibrant platform for millions of businesses and content creators to connect with Americans and the world.
These creative entrepreneurs are building businesses, hiring employees and contributing to their communities while making videos for the billions of people who turn to YouTube every month for entertaining, educational, and cultural content.
YouTube contributed $55 billion to America's GDP in 2024, while supporting the equivalent of 490,000 full-time jobs in the U.S.
Read at Social Media Today
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