wordpress blog stats
Connect with us

Hi, what are you looking for?

Sep09: Google Profit At $1.64 Billion; Schmidt Says Worst Is Over

google

“The worst is behind us” said Eric Schmidt, CEO of Google, as the company announced a 7% year on year growth in revenues. Google has reported gross revenues of $5.94 billion for the quarter ended September 30, 2009, up from $5.52 billion reported last quarter. The Company’s net income also increased to $1.64 billion, compared to $1.29 billion in the third quarter of 2008, and $1.48 billion last quarter.

goog-q309-slides


Traffic Acquisition Cost (TAC) for Google remained 27 percent of advertising revenues, at $1.56 billion. Net revenues were at $4.38 billion, up sequentially from $4.07 billion last quarter.

Sep09 Details: Release | Financials | Presentation | Webcast

Revenue Split

— Google owned sites vs network: Payouts to AdSense partners totaled $1.33 billion during the quarter, contributing significantly to TAC, and up from $1.24 billion last quarter. Payouts to distribution partners were $229 million in the third quarter of 2009. Google-owned sites generated revenues of 66 percent of total revenues at $3.96 billion, up 8 percent from $3.67 billion in Q3-08. Last quarter, Google-owned sites contributed to 67 percent of revenues. Google Partner Sites generated $1.80 billion, or 30% of total revenues.

goog-q309-slides-intl

— Paid Clicks – Aggregate paid clicks, which include clicks related to ads served on Google and AdSense partner sites, increased approximately 14 percent year on year, and 4 percent sequentially.

— Cost-Per-Click: Average cost-per-click, which includes clicks related to ads served on Google sites and the sites of our AdSense partners, decreased approximately 6 percent over the third quarter of 2008 and increased approximately 5 percent over the Q2-09.

Expenses

Google’s Operating expenses, other than cost of revenues, were $1.64 billion at 28 percent of revenues, compared to $1.72 billion and 31 percent of revenues in Q3-08. For yet another quarter, Google reported a reduction in headcount: at 19,665 full-time employees as of September 30, 2009, down from 19,786 as of June 30, 2009, 20,164 as of March 31st 2009.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

News

Google has closed its deal to acquire fitness wearables company Fitbit, even as probes by competition regulators in the United States and Australia are...

News

Google has sent emails to several digital lending mobile applications on its Play Store, requiring their operators to submit details of their regulatory and...

News

In the wake of the January 6 US Capitol storming, tech companies have taken unprecedented steps against a sitting president of the United States...

News

Google Cloud has elevated Karan Bajwa — who currently heads its business in India — to lead operations in the Asia Pacific region, the...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ