With Google and Facebook leading the way digital media revenues were up 32% YoY in Q1 2021
Strategy Analytics' Digital Media Index (DMI) analyzes quarterly revenue trends for 45 publicly traded digital media companies across games, advertising, video, music, and social media. The Digital Media Index measures growth on both a quarterly and trailing twelve month (TTM) basis.
After a steep decline in Q1 2020 as a result of the COVID-19 pandemic digital media revenues recovered strongly in Q1 2021, growing nearly 32% YoY to reach $185.1B, among companies tracked. Google ($14.1B), Facebook ($8.4B) and Alibaba ($6.8B) combined to account for the majority of DMI's YoY net gain.
In terms of absolute revenues, Google remains the DMI leader, generating $55.3B in revenues during Q1 2021, followed by Facebook with $26.1B, and Apple with $16.9B.