Google Crushes It In Latest Quarterly Earnings, Sees 40m Google+ Users

rated by 0 users
This post has 7 Replies | 4 Followers

Top 10 Contributor
Posts 24,935
Points 1,118,665
Joined: Sep 2007
ForumsAdministrator
News Posted: Thu, Oct 13 2011 10:00 PM
Guess what? Apple's not the only company in Northern California raking in tons of cash. Google's doing well for itself also, with CEO Larry Page saying frankly: "We had a great quarter." Yes, yes you did. He also stated that revenue was up 33% year on year and our quarterly revenue was just short of $10 billion. Additionally, the company just passed 40 million registered users of Google+, but what remains unclear is how many of those registered users are actually using the service. There's a big, big difference between "registered users" and "active users," and either way, the service still has hundreds of millions of users to go before catching Facebook.

Overall, the company saw revenues of $9.72 billion for the quarter, an increase of 33% compared to the third quarter of 2010. Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs (TAC). In the third quarter of 2011, TAC totaled $2.21 billion, or 24% of advertising revenues. GAAP net income in the third quarter of 2011 was $2.73 billion, compared to $2.17 billion in the third quarter of 2010. Non-GAAP net income in the third quarter of 2011 was $3.18 billion, compared to $2.46 billion in the third quarter of 2010. Google-owned sites generated revenues of $6.74 billion, or 69% of total revenues, in the third quarter of 2011. This represents a 39% increase over third quarter 2010 revenues of $4.83 billion. Google’s partner sites generated revenues, through AdSense programs, of $2.60 billion, or 27% of total revenues, in the third quarter of 2011. This represents a 18% increase from third quarter 2010 network revenues of $2.20 billion.


Revenues from outside of the United States totaled $5.3 billion, representing 55% of total revenues in the third quarter of 2011, compared to 54% in the second quarter of 2011 and 52% in the third quarter of 2010. Excluding gains related to our foreign exchange risk management program, had foreign exchange rates remained constant from the second quarter of 2011 through the third quarter of 2011, our revenues in the third quarter of 2011 would have been $53 million lower. Excluding gains related to our foreign exchange risk management program, had foreign exchange rates remained constant from the third quarter of 2010 through the third quarter of 2011, our revenues in the third quarter of 2011 would have been $483 million lower.

The full list of breakouts is linked below, but one thing's clear: Google's killing it.
  • | Post Points: 65
Top 50 Contributor
Posts 2,864
Points 29,610
Joined: Mar 2011
Location: United States, Connecticut
omegadraco replied on Thu, Oct 13 2011 11:04 PM

Those are some impressive numbers. No wonder they have the ability to buy up companies, hand out patents, and build networks with brand new technology.

  • | Post Points: 5
Top 25 Contributor
Posts 3,419
Points 46,595
Joined: Nov 2005
Location: Metropolis
ForumsAdministrator
Moderator
Super Dave replied on Thu, Oct 13 2011 11:25 PM

Google is OK by me! I use Google's Chrome web browser, their search engine, Google Earth, Street View, Picasa (photo editor), and Gmail. It's all great stuff and it's all free. The only thing I don't care for is Gmail's targeted ads - they kinda creep me out. I need Google, but I can (and do) live without Apple.

 SPAM-posters beware! ®

  • | Post Points: 20
Top 50 Contributor
Posts 3,236
Points 37,910
Joined: Mar 2010
AKwyn replied on Fri, Oct 14 2011 12:52 AM

I use Gmail, Google Maps and their search engine...

Don't know if I'll ever use Google+ in my lifetime.

 

"The future starts with you; now start posting more!"

  • | Post Points: 5
Top 500 Contributor
Posts 220
Points 2,745
Joined: Apr 2011
gazd1 replied on Fri, Oct 14 2011 4:01 AM

I use their Google Chrome & search engine, but I hope that they will not become one of those giant monopoly based companies that want to buy out every thing or else they'll have to be on the U.S. governments hit list like what Microsoft is.

  • | Post Points: 20
Top 500 Contributor
Posts 96
Points 600
Joined: Sep 2011
gloriad1 replied on Fri, Oct 14 2011 5:37 AM

Yeah! I hate those monopoly type of companies also. Let's hope that google will not become one.Wink

  • | Post Points: 20
Top 500 Contributor
Posts 220
Points 2,745
Joined: Apr 2011
gazd1 replied on Fri, Oct 14 2011 5:44 AM

Well I think that it's too late for us to do any about it & soon they'll be known for being a monopoly, maybe not that soon, but soon enough.Hmm

  • | Post Points: 5
Top 150 Contributor
Posts 467
Points 3,710
Joined: Feb 2011

Google is a force and will be around for a looooog time to come.

  • | Post Points: 5
Page 1 of 1 (8 items) | RSS