RPM stands for revenue per mille: how much a creator actually earned for every 1,000 video views, measured after the platform's revenue share and across all income sources, not only ads.
YouTube defines RPM as "a metric that represents how much money you've earned per 1,000 video views", based on ads, channel memberships, YouTube Premium revenue, Super Chat and Super Stickers, and reported as "the actual revenue earned after revenue share" (YouTube Help, checked September 2026).
That makes it the only monetization number worth planning with. CPM is the advertiser's price before the split. RPM is what reached you.
RPM divides total earnings by total views, including views that never served an ad. A channel with a $2 RPM earns $2 for every 1,000 views, full stop, so 500,000 views in a month is roughly $1,000.
This is also why Shorts RPM sits far below long-form RPM on the same channel. Shorts monetize from a shared pool rather than a pre-roll ad per view, so the divisor is enormous compared with the revenue.
Faceless Shorts channels usually earn more from affiliate links, sponsorships and their own products than from RPM alone. See YouTube Shorts monetization and the YouTube Partner Program thresholds you have to reach first.
CPM stands for cost per mille, the amount advertisers spend for every 1,000 ad impressions. It is measured before the platform takes its share, so it is not the amount a creator is paid.
Read moreGlossaryThe YouTube Partner Program, or YPP, is the scheme that lets a channel earn from YouTube directly through ad revenue share, YouTube Premium revenue, memberships and fan funding, once it passes published subscriber and viewership thresholds.
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