What is CPM on YouTube?
CPM (cost per mille) is the price advertisers pay for 1,000 ad impressions. On YouTube, the CPM in Studio is calculated on monetized impressions — times an ad was actually shown — and before YouTube's revenue share.
CPM vs RPM
- CPM = ad revenue ÷ monetized impressions × 1,000. Advertiser's side, gross.
- RPM = total revenue ÷ all views × 1,000. Creator's side, net.
RPM is usually lower because it's after the revenue share and includes views without ads. Enter your total revenue and views in the optional fields to see both side by side. More detail in our RPM vs CPM guide.
Example
$1,200 of ad revenue from 150,000 monetized impressions: $1,200 ÷ 150,000 × 1,000 = a CPM of $8.00.
Limitations
- CPM measures advertiser demand, not your income — use RPM to estimate earnings.
- A single view can carry several ad impressions, so impressions and views aren't interchangeable.