This post has been making the rounds. Yourube actually doesnt pay much in
bandwidth costs because google owns much of its own fiber network.
http://www.wired.com/epicenter/2009/10/youtube-bandwidth/

Google is now responsible for at least 6 percent of the internet’s traffic,
> and likely more — and may not be paying an ISP at all to serve up all that
> content and attached ads.
>
> Credit Suisse made headlines this summer when it estimated that YouTube was
> binging on bandwidth, losing Google a half a billion dollars in 2009 as it
> streams 75 billion videos. But a new report from Arbor Networks suggests
> that Google’s traffic is approaching 10 percent of the net’s traffic, and
> that it’s got so much fiber optic cable, it is simply trading traffic, with
> no payment involved, with the net’s largest ISPs.
>

Jay

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