Alphabet’s quarterly earnings reports tend to be fairly dull affairs for online video reporters, because the Google holding company generally prefers to let its eminent reputation do the talking and rarely shares too many noteworthy statistics related to its star video site. Alphabet’s earnings report for the second quarter of 2017 fit that bill, but after it arrived, a tech analyst managed to generate a headline of his own. While commenting on Alphabet, Victor Anthony of Aegis Capital (pictured above) estimated that if YouTube were to go on the market as its own stock, it would be worth $75 billion.

Anthony made his estimate in response to a question he received during an appearance on CNBC‘s Squawk on the Street. “People are using YouTube six minutes a day, monthly active users are growing rapidly from the data that I’m tracking,” he said. “This site is becoming entrenched in similar ways that Facebook is part of our vernacular and daily usage.”

TheStreet, reporting on Anthony’s comments, noted that such a stock price would give YouTube the value of about five Twitters, since the social media company’s current market cap is $14.52 billion. Even at that level, YouTube would still make up just a fraction of Alphabet’s total operation, since the holding company’s market cap is approximately $661 billion.

Though Alphabet’s Q2 2017 earnings was a little thin on YouTube-related numbers, the company’s executives did make sure to give a shout out to the video site’s growth. “The biggest contributors to growth again this quarter were mobile search and YouTube,” Alphabet CFO Ruth Porat told investors.

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