 Hello and welcome to YouTube news for April 29th, 2015. I'm your host Alex and I'll be walking you through some of the most important and interesting topics revolving around the YouTube platform. First up, Google recently revealed its earnings for the first quarter of 2015 and in order to explain the larger than expected drop from its ad prices, the search giant pegged growth on YouTube as the casual factor. Google said more people are watching ads on YouTube, which in turn has led to an overall drop in prices. As more people interact with YouTube's pre-roll ads, the average cost of marketers is driven down. YouTube is particularly relevant to this conversation because advertisers value the ads less than Google search ads, which reach more consumers who tend to be more keen on making purchases. Next up, a bit more of a heads up than actual piece of news, YouTube has just added a new search filter for those newly supported 360 degree video formats. So if you wanted to get a taste of one of those 360 degree goodness is all about, go ahead and search for something on YouTube and hit that filter button. If you find anything really interesting or cool, maybe try and share with us in the comment section down below. And last up, Facebook is making strides in the online video market. It has just been reported that Facebook receives 4 billion video views per day and 75% of those views are on mobile. Now while this is very impressive, I can't help but think that these numbers are kind of inflated due to videos auto-playing on Facebook. But maybe that's just me. What do you guys think? Are they truly a competitor to YouTube or are our videos going to become a key part of Facebook? Let us know in the comment section down below. Anyways guys, that's it for me this week. Tune in again next Wednesday for the latest in YouTube news. Thanks for watching. And last up, for those of you who want to know what's going on at the YouTube Spaces, Arnold Shortsnaker paid a visit to the YouTube Space LA to film some Terminator videos with a few YouTube stars.