YouTube's full-year revenue surpassed $60 billion in 2025, exceeding Netflix's reported revenue of $45.18 billion for the same period, according to Alphabet, which reported earnings on Wednesday.
For the first time, Alphabet broke out revenue for YouTube, which combined advertising and subscriptions. Revenue for YouTube ads rose nearly 9% to $11.38 billion, driven by direct response, but fell short of analysts’ reported expectations of $11.84 billion. The majority of revenue came from subscriptions.
For the fourth quarter of 2025, Alphabet saw revenue rise nearly 18% year-over-year to $113.8 billion, while annual revenue topped $402.8 billion.
Advertising revenue came in at $82.28 billion -- up 13.5% from a year ago.
Artificial intelligence (AI) features in search have led users to engage and interact more.