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I've never seen anybody who's made a serious attempt to look at the numbers claim YouTube is profitable. All say the opposite.

Some random examples:

And none of these include this year's Adpocolypse.

Those are all from 2015 where the weren't profitable. Look for something more recent.

Even if YouTube isn't profitable today (and I think they are), the growth indicates they will be soon.

> And none of these include this year's Adpocolypse.

That's true. That could be interesting for sure. The Variety link talks about it a little bit.