The numbers are out for Google’s 3Q revenue performance. And quite what many analysts have predicted, Google’s earnings are actually all in the positive note. How’s a 7% year-over-year revenue growth sounds? Especially if you’re operating amidts an economic crisis?
Now for some highlights of Google’s 3rd Quarter Earnings Report:
- A total of $5.94 billion in revenues which is a 7% last years $5.54 billion
- A total of $3.96 billion in revenues from Google-owned sites, amounting to 67% of the overall revenues for the Q3. This is a clear 8% from the same period last year which is $3.67 billion
- $1.80 billion revenue from the Google AdSense program representing 30% of the overall revenues. And this registers for a 7% increase in previous year’s earnings
- Even Google’s revenues from international partners and offices showed positive sign, getting $3.14 billion which is 53% of total Google revenues.
So, how bright does the future brings for Google? Apparently so bright that Mr. Schmidt alluded to what Google might possibly go to in the near future:
“While there is a lot of uncertainty about the pace of economic recovery, we believe the worst of the recession is behind us and now feel confident about investing heavily in our future.”
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