Google Says: We’re Ok and We’re Definitely Fine

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Amidst the ongoing economic and financial turmoil and beating industry analysts’ predictions and forecasts, “miraculously” Google still managed to pose some considerable growth as reported in their 3Q Financial Report. Eric Schmidt sums it up by saying:

“We had a good third quarter with strong traffic and revenue growth across all of our major geographies thanks to the underlying strength of our core search and ads business. The measurability and ROI of search-based advertising remain key assets for Google,”

Mr. Schmidt also said that the company will continue to manage Google for the long term, improve search ads and invest in future growth areas such as enterprise, mobile and display despite the worldwide economic downturn.

Google managed to beat its own 3Q estimates with the following key highlights of their financial report.

  • $5.4 billion total revenue with $1.3 billion posted as company profit. This is a 31% increase from the same period in 2007 and a 3% increase from 2Q of 2008
  • Google site revenues of $3.67 billion  posted a 37% increase from 3Q 2007 and 4% of 2Q 2008
  • Adsense program gained a $1.68 billion revenue representing 30% of total revenues, equivalent to a 15% increase in the same period of 2007 and 1% from the 2nd Quarter.

I’m no financial analysts but I those figures are enough to convince us all that contrary to what analysts are predicting, Google has indeed did pretty well during the 3rd Quarter relative to their performance last quarter and the same quarter last year.

Now, Google is left with a couple of months more  to fend off the remaining effect of the current economic crunch and to sustain its growth until the end of the year. And I’m not doubting that Google is capable of doing that.

Arnold Zafra
Arnold Zafra writes daily on the announcements by Google,, Yahoo & MSN along with how these announcements effect web publishers. He is currently building... Read Full Bio
Arnold Zafra
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  • yoms

    It makes sense that Google remains strong. People will use the internet more for purchases and spend more time hunting for bargains & better deals as they feel less wealthy. To match this, retailers will bring more of their advertising online – not to mention it’s more cost effective that TV / offline

  • mg

    well i think that google is making these figures after slashing the publisher commission in adsense. I have enquired with my frinds in India and found out that the adsense earnings has dropped from 30% to 70%.

    I think google is now manuplating the publisher commissions to get the share valued at higher price.

  • diarmuid ryan

    among any great recession or force of power there is someone to gain from the suffering of others…

  • mg

    I think the bloggers should jointly do something to force google to reveal the truth behind this.

  • mg

    if google is making more money and claiming that search engine advertising has increased, then howcome the publishers are making less from it…. i have 5 friends in india in five completely diff markets, Entertainment, Real Estate, Education, Law and Art and Crafts with international visitors, how can all of them face the same downfall from the last two months and that too of more that 50%.

  • websites

    be interesting to see what its like for the next quarter