Led by Google and Facebook, digital media revenues were up 42% YoY in Q2 2021

Strategy Analytics' Digital Media Index (DMI) analyzes quarterly digital media revenue trends for 45 publicly traded 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 declining in Q1 2021, digital media revenues recovered strongly in Q2 2021, growing nearly 9% QoQ to reach $205.3B, among companies tracked. Google ($6.5B), Facebook ($2.9) and Alibaba ($1.7B) combined to account for the majority of DMI's QoQ net gain.

In terms of absolute revenues, Google remains the DMI leader, generating $61.8B in revenues during Q2 2021, followed by Facebook with $29.0B, and Alibaba with $17.8B.