Receipt

    Filed May 5, 2026

    Too early to tell.

    The short version

    MoffettNathanson predicted on January 1, 2025: “MoffettNathanson predicted that YouTube would experience more subscription revenue growth than ad revenue growth in the coming years. Also: MoffettNathanson's forward projections suggest that subscription revenue growth will outpace advertising growth through 2027 and 2028.” Verdict: Too early to tell. The prediction spans through 2028; it's too early to provide a definitive verdict, although…

    Prediction by

    MoffettNathanson

    On January 1, 2025

    MoffettNathanson predicted that YouTube would experience more subscription revenue growth than ad revenue growth in the coming years. Also: MoffettNathanson's forward projections suggest that subscription revenue growth will outpace advertising growth through 2027 and 2028.

    Follow-up

    The prediction spans through 2028; it's too early to provide a definitive verdict, although early indications in 2025 were positive for subscription growth.

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