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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

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OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
Arts & EntertainmentWorld's Most Admired Companies

YouTube advertisers are spending way more than usual

By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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July 17, 2015, 12:11 PM ET
YouTube "Dear White People" Reception - 2014 Park City
PARK CITY, UT - JANUARY 19: A general view of atmosphere at the YouTube "Dear White People" Reception on January 20, 2014 in Park City, Utah. (Photo by Andrew H. Walker/Getty Images for YouTube)Photograph by Andrew H. Walker — Getty Images
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People are watching way more YouTube than ever before, and the advertising dollars are following.

Adweek reported that YouTube’s mobile users spent more 40 minutes per session on average in the second quarter, an increase to the tune of 50% year over year.

In addition, there are more advertisers taking an interest in YouTube and they are, unsurprisingly, also spending more money. Advertisers rose 40% for the video platform, while the top 100 advertisers spent 60%, according to the publication.

“Our strong Q2 results reflect continued growth across the breadth of our products, most notably core search, where mobile stood out, as well as YouTube and programmatic advertising,” according to CFO Ruth Porat in a statement. “We are focused every day on developing big, new opportunities across a wide range of businesses. We will do so with great care regarding resource allocation.”

YouTube, which has 1 billion users, boasts having more 18-49-year-olds using the site than those who subscribe to cable. “Advertisers want to reach these audiences, and our focus is on the opportunity to get larger budgets moved to YouTube,” according to Porat.

Google (GOOG), which owns YouTube, notched a strong earnings report as a result.

For more on Youtube, Fortune’s Adam Lashinsky recently interviewed YouTube CEO Susan Wojcicki at Brainstorm Tech.

About the Author
By Benjamin SnyderManaging Editor
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Benjamin Snyder is Fortune's managing editor, leading operations for the newsroom.

Prior to rejoining Fortune, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Fortune in 2014.

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