Strong Ads, Partnerships Nearly Double Google Profits - InformationWeek
IoT
IoT
News
News
10/19/2006
07:45 PM
Connect Directly
Google+
LinkedIn
Twitter
RSS
E-Mail
50%
50%

Strong Ads, Partnerships Nearly Double Google Profits

Google saw profits of $733 million and $2.69 billion in revenue in the third quarter. Search market share also grew.

Google on Thursday reported $2.69 billion in revenue for the third quarter, up 70% from the year-ago quarter and 10% more than its previous quarter.

Google's profit, $733 million, or $2.36 a share, was almost twice what Google reported in the same quarter a year ago, $381 million, or $1.32 a share.

"Our third quarter results are a testament to the strength of our network of advertisers and partners, as well as our continuing focus on users," Eric Schmidt, CEO of Google, said in a statement. "We were particularly pleased with the contributions of our international business in a seasonally weaker quarter. In addition, we continued to forge significant partnerships with companies such as eBay, Fox Interactive Media, and Intuit that will be of great value to all involved."

In conjunction with its rising profits, Google continues to gain search market share. Google's share of online searches in the United States rose from 44.1% in August to 45.1% in September, according to online metrics company ComScore. During the same period, Yahoo slipped from 28.7% to 28.1%, and Microsoft declined from 12.5% to 11.9%. Ask rose from 5.5% to 5.8%.

Google's results showed that the company is becoming more adept at monetizing its own properties, as opposed to relying on partners for advertising income. Google-owned sites brought in $1.63 billion in the third quarter of this year, an 84% year-over-year increase. Google's revenue from AdSense partners was $1.04 billion during the same period, a 54% increase from Q3 2005.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
Digital Transformation Myths & Truths
Transformation is on every IT organization's to-do list, but effectively transforming IT means a major shift in technology as well as business models and culture. In this IT Trend Report, we examine some of the misconceptions of digital transformation and look at steps you can take to succeed technically and culturally.
Video
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll