I don’t disagree with your point but your data is not correct…
Alphabet reported $34.46 billion in net income for Q4 2025 on total revenue of $113.8 billion.
Ads generated $82.3 billion (72% of revenue):
Google Search ($63 billion)
YouTube ($11.4 billion)
Network ($7.8 billion)
This is all REVENUE not Profit! Yes Alphabet made ~34B Profit that Quarter but not only from Youtube ad’s. I would assume a 25-30% margin on Youtube Max, so it’s more like ~4B Profit of Youtube Ad’s (Yes still a fuck ton of money).
I don’t disagree with your point but your data is not correct… Alphabet reported $34.46 billion in net income for Q4 2025 on total revenue of $113.8 billion. Ads generated $82.3 billion (72% of revenue):
This is all REVENUE not Profit! Yes Alphabet made ~34B Profit that Quarter but not only from Youtube ad’s. I would assume a 25-30% margin on Youtube Max, so it’s more like ~4B Profit of Youtube Ad’s (Yes still a fuck ton of money).