MoffettNathanson: $62B revenue overtakes Disney — valued at up to $560B — as the Creator Studio Era officially opens and Hollywood converges with YouTubers in both directions
YouTube has officially claimed the title of the world's largest media company. Research firm MoffettNathanson, in a report released March 9, 2026, confirmed that YouTube's 2025 annual revenue reached $62 billion (approx. ¥9.3 trillion) — surpassing Disney's media-segment revenue of $60.9 billion for the first time. The firm applied an 8–9x revenue multiple to estimate YouTube's enterprise value at up to $560 billion (approx. ¥82 trillion), positioning it as the new apex player above all traditional media giants. This is not simply a revenue ranking reversal.
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Jung Han