Like YouTube, Twitch is pretty good at bypassing adblockers.
And also the main point was that Twitch does a terrible job at monetizing off their ads. They have the worst advertising platform.
Ads on Twitch run for all streamers. There's very little targeting capability and they strike individual deals for all ads on their system rather than purchase from a DSP.
They're still struggling to make a profit.
Turns out their business probably needs both to work.
https://www.ben-evans.com/benedictevans/2021/3/14/do-amazon-...