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www.wsj.com/articles/you ··· tst_pos5"Alphabet Chief Financial Officer Ruth Porat noted that the subscription end of the YouTube business has “higher content-acquisition-cost ratios.”
...the company also is facing an unprecedented slowdown in its advertising business, due mostly to the effects of the pandemic. Analysts are projecting advertising revenue to grow less than 1% this year after averaging 18% annual growth over the last five years. Not a great time to be losing money on SpongeBob."