Earnings: Google’s Good 4Q; Earnings, Revenue Up Significantly
Ending its day on an up note across the board by dint of its increasing market share in online search and advertising, Google (Nasdaq: GOOG) reported revenues of $3.21 billion, an increase of 67 percent compared to 4Q05 and an increase of 19 percent compared to Q306. Operating income for 4Q was $1.06 billion, or 33 percent of revenues. This compares to operating income of $931 million, or 35 percent of revenues, for the previous quarter. Other highlights:
—GAAP net income for the fourth quarter of 2006 was $1.03 billion as compared to $733 million for the previous quarter.
—Google-owned sites generated revenues of $1.98 billion, or 62 percent of total revenues, in the fourth quarter of 2006. This represents an 80 percent increase over fourth quarter 2005 revenues of $1.10 billion and a 22 percent increase over 3Q06 revenues of $1.63 billion.
—Google’s partner sites generated revenues, through AdSense programs, of $1.20 billion, or 37 percent of total revenues.
—Revenues from outside the US contributed 44 percent of total revenues.
—Aggregate paid clicks, which include clicks related to ads on Google sites and its AdSense partners, increased approximately 61 percent over the same period last year. Earnings release | Webcast
Comments (0)