How Much Does YouTube Shorts Pay for 1 Million Views?

YouTube Shorts has become one of the most popular ways for creators to earn money on the platform. But how much can you actually make from 1 million views on YouTube Shorts? The answer isn’t straightforward, as earnings depend on several factors, including the YouTube Shorts Fund, ad revenue sharing, and other monetization methods.

1. YouTube Shorts Fund (Being Phased Out in 2024)

Previously, YouTube had a Shorts Fund, which paid creators based on viewership and engagement rather than traditional ad revenue. Payments varied, but reports suggested creators earned between $$100to$500 per million views, depending on region and audience engagement.

However, in early 2024, YouTube announced that the Shorts Fund would be replaced by a new ad revenue-sharing model for Shorts, similar to long-form videos.

2. Ad Revenue Sharing for Shorts (New Monetization Model)

Under the new system, YouTube Shorts earns money through ads played between Shorts clips. Creators in the YouTube Partner Program (YPP) now get a 45% cut of the ad revenue generated from their Shorts (compared to 55% for long-form videos).

Estimated Earnings for 1 Million Shorts Views

• CPM (Cost Per 1,000 Views): Typically ranges from$0.10to$0.50 for Shorts (lower than long-form videos).

• Estimated Earnings:

  • Low End: $at$0.10 CPM

  • Average: 300 $at$0.30 CPM

  • High End: $at$0.50 CPM

Note: These are rough estimates—actual earnings vary based on:

• Audience location (US/UK viewers pay more than developing countries)

• Engagement rates (watch time, likes, shares)

• Advertiser demand (seasonal trends affect CPM)

3. Other Ways to Monetize Shorts

Since Shorts pay less per view than long-form videos, creators often use them to:

• Drive traffic to long-form videos (higher CPM)

• Promote affiliate links or sponsorships

• Grow their channel for brand deals

Final Verdict: How Much for 1 Million Shorts Views?

Under the new ad revenue-sharing model, most creators earn $100–$500 per million views, but top creators in high-CPM niches (finance, business, tech) may earn more.

Tips to Maximize Shorts Earnings:

✔️ Join the YouTube Partner Program (YPP)
✔️ Post consistently to increase views
✔️ Encourage engagement (likes, comments, shares)
✔️ Use trending sounds & hashtags for discoverability