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Those YouTube ads everyone hates made $10.4 billion in just three months
(www.pcgamer.com)
This is a most excellent place for technology news and articles.
On your phone (and other devices) you can also use a DNS adblocker. Less effective, but good for most people.
Mullvad.
Control D.
AdGuard.
ETA: This usually doesn't work on YouTube. Sorry for any confusion. Works decently enough for other ads at least.
DNS filering alone doesn't work for YouTube in my experience.
You're absolutely right and I forgot that for a moment there.