Google announces third quarter earnings results
Financial announcements are usually pretty boring, but they do provide some insights into the strength and direction a company might be headed in as well as some interesting details about the financial status of the company. On the point here, Google released their third quarter results Thursday, and no surprise here, Google is doing extremely well. The world's top search engine saw profits double from a year ago. The big jump was for the most part due to the huge, ever-growing list of advertisers, and partners that have teamed up with Google, such as Fox, eBay, and Intuit. Google's revenue's hit $2.69 billion in the third quarter, an increase of 70% from the third quarter of 2005, and a 10% increase from the second quarter of 2006.
Ever wonder how much Google needs to operate? Well the third quarter saw operating costs hit $931 million, which equals 35% of revenue.
Now, let's take a look at some of Google's revenue:
- Google-owned sites generated revenue of $1.63 billion. 60% of total revenue. An 84% increase since the third quarter of 2005.
- Google's partner sites generated $1.04 billion through AdSense programs. 39% of revenues and a 54% increase since 2005's 3rd quarter.
- Revenues from outside of the U.S. accounted for 44% of all Google revenue, up 2% since the second quarter of 2006.
- A few of the partnership deals that Google has worked out with other companies, includes revenue sharing. The revenues shared with partners hit $825 million this quarter.
Now for employment. Google now employees 9,378 full time employees worldwide as of September 30th 2006. That figure is up 18% from 7,942 in June 2006.
So as you can see, Google is doing quite nicely. They are making money, providing excellent services, and sitting on the top of the search engine pedestal. If you care to listen to a live audio webcast of Google's third quarter earnings call you can check out at Google's Investor Relations site.
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