Subject: Re: Up about 50% this year
YouTube can grow to a $240 billion standalone asset, says SVB MoffettNathanson's Michael Nathanson


That sounds oddly conservative.
Wouldn't you think it's already worth that much or more?

$240bn is less than 15% of Alphabet's current market cap.
YouTube Ad revenue is about 1/5 as big as the "Google Search and Other" subcategory of revenues.
"YouTube Premium" subscription revenue is something like $12bn, which has essentially zero incremental COGS.
Unlike the global ad market as a whole, the video business has some room for potential growth.

Jim