CPM (Cost Per 1000)

In one of the news articles, it talks about how YouTube partners are compensated. The term CPM stands for cost per 1000 impressions. An impression is simply a view of your content. Once you become a partner and you have your channel monetized you are ready to be paid for your views on your videos.

“YouTube takes around a 45% slice of advertising revenue, although the CPM (cost per thousand) that advertisers are charged varies. Most partners earn anywhere between $0.30 to $2.50 CPM, but there are many exceptions to the rule, with some of the bigger YouTube players earning closer to a $10 CPM. Be aware that your location and the type of content that you publish will have a bearing on how much you can potentially earn.”
Source: How-to Make A Living From YouTube’s Partner Earnings http://www.reelseo.com/youtube-partner-earnings/#ixzz40SkrhYj2