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Anon watches youtube
(sh.itjust.works)
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It works quite well on Twitch - if you have a lot of viewers on Twitch, you usually get enough donations to live off of. YouTube just never managed to find a good way to make creators profit directly from their content.
Yes, having a large audience is the problem. If you have that, you can earn good money on YouTube too, especially since you can sign additional marketing deals. The thing is, though, that getting a large audience is anything but easy—most people who try fail.
The audience you need to make good money on YouTube, without external deals, is orders of magnitudes larger than on Twitch, though.
It's true that getting a large audience on Twitch is really hard nowadays, though. Seems like it was a lot easier a couple of years ago, not sure if it's just because of changed algorithms or because of market saturation.
Yes, that may be true. I can't say much about Twitch because I don't know anything about it.