The CEO of YouTube said that sales have shot up by advertising, but still failed to clarify whether the popular video site makes money.
Chad Hurley, one of the founders of YouTube, said the company had "two quarters spectacular" and that receives more than 1,000 million hits a day.
"Our costs continue to decline and our revenue growth. It's a good combination for success and will continue building on that trend," Hurley said at a ceremony to launch the personal channel on YouTube to Israeli President Shimon Peres.
"We have continued to grow in terms of traffic, we have over 1,000 million daily users and receive nearly 24 hours of video every minute," he said.
Peres said he wants to use the channel to hear ideas from people across the world and communicate with them directly.
YouTube has not been profitable since it was acquired by Google for U.S. $ 1,760 million three years ago, but Google executives have indicated that approaches its first profit.
The company does not publish its revenues, but analysts estimate that YouTube reached in 2008 about 200 million.
Despite attracting a worldwide audience, YouTube has not been a great source of revenue for Google yet.
Peres, 86 and winner of the Nobel Peace Prize, has a reputation for tenaciously promote coexistence and peace in the Middle East. A welcome message for Peres in the channel of YouTube asks users to help you find solutions in three areas: power the world peace, promoting religious tolerance and use new technologies to benefit humanity.
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