Web video site YouTube will be profitable for Google Inc in the near future, the Internet search leader said on Thursday.

Google acquired YouTube for $1.65 billion in 2006, but has lost money on the site that lets people post and share videos free.

Analysts have raised concerns about the huge costs involved in streaming millions of videos with only a tiny swathe of them being supported by advertising.

“YouTube is now on a trajectory that we’re very pleased with,” Google Chief Executive Eric Schmidt said during an earnings call on Thursday.

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