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Google 3rd Quarter Revenues jump 23% compared to last Year

Oct 15 2010, 6:38am CDT | by , in News | Technology News

Google 3rd Quarter Revenues jump 23% compared to last Year
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Google surprised yesterday with excellent earning numbers. Especially if you consider that the quarter ending September is a slow time period for advertising and shopping. Looks like Google managed to get the biggest share of the available advertising money.

Google reported revenues of $7.29 billion for the quarter ended September 30, 2010, an increase of 23% compared to the third quarter of 2009.

Google had an excellent quarter," said Eric Schmidt, CEO of Google. "Our core business grew very well, and our newer businesses -- particularly display and mobile -- continued to show significant momentum. Going forward, we remain committed to aggressive investment in both our people and our products as we pursue an innovation agenda."

Google-owned sites generated revenues of $4.83 billion, or 67% of total revenues, in the third quarter of 2010. This represents a 22% increase over third quarter 2009 revenues of $3.96 billion. Google’s partner sites generated revenues, through AdSense programs, of $2.20 billion, or 30% of total revenues, in the third quarter of 2010. This represents a 22% increase from third quarter 2009 network revenues of $1.80 billion.

Google revenues from outside of the United States totaled $3.77 billion, representing 52% of total revenues in the third quarter of 2010, compared to 52% in the second quarter of 2010 and 53% in the third quarter of 2009.

More details about the Google Q3 Earnings can be found here.

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