Pichai compares how much money YouTube Shorts makes per hour watched against YouTube's traditional video ads.

Sundar Pichai · Alphabet Investor Relations · Alphabet 2025 Q2 Earnings Call

“In the U.S., Shorts now earn as much revenue per watch hour as traditional in-stream on YouTube, and in some countries, it now even exceeds in-stream's rate.”

Educational summary of a public statement. Not investment advice.