Pink's Bottom Line on Media, Money and Sports

YouTube ad revenue, home prices and the Golden State Warriors

In today’s newsletter, I discuss YouTube ad revenue, home prices and the Golden State Warriors.

MEDIA: YouTube Ad Revenue

Alphabet, the parent of Google and YouTube, reported earnings earlier this week, and the company delivered record revenue and profit last quarter.

Notably, Alphabet reported that ad revenue at YouTube rose 43% to $7.2 billion last quarter compared to the third quarter a year ago.

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While YouTube’s ad revenue fell short of some expectations on Wall Street, YouTube nonetheless showed continued strong growth in its ad business.

YouTube’s performance is the latest piece of evidence that consumers are embracing digital video — whether it’s YouTube, a video streaming service like Netflix or a short video app like TikTok — at a breakneck pace.

MONEY: Home Prices

Home prices continued to rise in August, according to the S&P Corelogic Case-Shiller Index, a widely followed measure of home prices in this country.

Home prices rose 19.8% in August on an annual basis, the same annual rate as in July, according to Case-Shiller.

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Several major cities in the United States showed very sharp annual home price increases.

In Phoenix, prices rose 33.3% year-on-year, in San Diego, home prices rose 26.2% annually and in Tampa Bay home prices jumped by 25.9% on an annual basis, according to Case-Shiller.

While home prices should continue to increase, the rate of that increase could slow in the coming months, which, in turn, could lead to a cooling of the red-hot US housing market.

SPORTS: Golden State Warriors

Though the NBA began its regular season only last week, the Golden State Warriors already have emerged as a surprisingly strong team.

The Warriors have won their first four games of the year, and they are only one of three unbeaten teams in the NBA.

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Notably, Golden State’s fast start happened without two key players, guard Klay Thompson and center James Wiseman, who are both injured.

When those two players return, the Warriors should be even more formidable, and there is also speculation that the team might bolster its roster even more with a trade or two.

As such, Golden State has made a statement during the very early part of the NBA season, and the Warriors look like they will get even better as the season progresses.

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Jeremy Pink is currently COO of Geniecast, a leading virtual content and experience company. He is the former CEO of private-equity backed Broadcast Sports International where he helped lead the company to a successful sale and exit during his tenure there. He is also a former CNBC television executive in New York, London and Singapore.

The information contained in this communication is strictly for general informational and entertainment purposes and is not meant to be construed as financial, investment, tax, or legal advice. This communication is not a solicitation to buy or sell any securities. I am not a financial advisor or offering professional advice of any kind. Users should not act upon the content or information found within this communication without first seeking professional advice appropriate for their individual situation. Decisions based on information contained in this communication are the sole responsibility of the user, and use of this communication and its contents constitutes an explicit understanding and acceptance of the foregoing disclaimers.

(Newsletter Editor: Karina Pink)