YouTube generated over $60 billion in revenue for 2025, including advertising and subscriptions, confirmed Alphabet CEO Sundar Pichai. With this, YouTube has surpassed Netflix, which reported $45.18 billion in revenue for 2025. In last three months of 2025, YouTube's global ad revenue amounted to $11.38 billion, a 8.7% YoY increase. Alphabet expects its capex to be $175-185 billion for 2026.