YouTube by the numbers at Google I/O

People watch more than 4 billion videos per day on Google's video service, the company says at its Google I/O show. That's why it wants better video compression.

Matt Frost, senior business product manager for the Chrome Web Media Team, speaking at Google I/O.
Matt Frost, senior business product manager for the Chrome Web Media Team, speaking at Google I/O. Stephen Shankland/CNET

SAN FRANCISCO -- Everybody knows that YouTube is growing, but Google revealed on Wednesday just how big it's gotten.

Matt Frost, senior business product manager for the Chrome Web Media Team, listed these statistics at the Google I/O show for developers:

• More than 1 billion monthly users;

• More than 4 billion video views per day;

• More than 6 billion hours of video watched per month;

• More than 72 hours of video uploaded each minute

• And 25 percent of consumption is with mobile devices.

In addition, Frost said that HD video is "becoming dominant."

That's obviously a lot of video, and Google has to pay a lot of money to store and stream that. For that reason, it's developing the VP9 codec -- a royalty-free, open-source successor to the VP8 compression technology Google is pushing hard.

"With a codec as good as VP9, we can significantly increase the size of the Internet," Frost said. "We can significantly increase the speed of the Internet."

Google's YouTube statistics as of May 2013
Google's YouTube statistics as of May 2013. Stephen Shankland/CNET
Featured Video
6
This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.

The 10 best PlayStation 1 games of all time

Sony's first console exploded on to the scene in the mid 90s and successfully solidified the brand as a household name. Here are our top picks for the best PlayStation 1 games of all time.

by Jeff Bakalar