Google has recently released its results for the third quarter of 2009. The search engine giant reported revenues of nearly $6 billion ($5.94 billion, to be exact) for the quarter, which ended September 30, 2009. This is a fairly solid number, given that the rest of the world is still recovering from a recession – it represents a seven percent increase from the same time last year.
The company reported a net income of $1.07 billion, the equivalent of $3.38 a share, up from $2.93 a share in the second quarter.
Company-owned sites generated an income of nearly $4 billion ($3.96 billion specifically), generating 67 percent of Google’s total revenues. These revenues represented a slightly higher increase than the total revenues, compared to this time last year – at eight percent.
Through Google’s AdSense program, $1.8 billion of revenues were generated, representing nearly a third of the total revenues, and a seven percent increase from the same time last year.
Over half of the total revenues were generated outside of the United States, totaling $3.14 billion. The percentage of total revenue was two percent higher this year, at 53 percent, than the same time last year, at 51 percent.
Revenues from the United Kingdom went down a notch this quarter, representing 13 percent of Google’s total revenues (for a total of $765 million) in the third quarter of 2009, compared to 14 percent in the third quarter of 2008.
As usual, there was an earnings call and a Q&A released with the results. Overall, the Google executives said that the seasonal slowdown was less than they had expected.
According to Google CFO, Patrick Pichette, investments and hiring are to be resumed shortly. Google’s President of Global Sales Operations Nikesh Arora cites growth of Youtube advertising. He also added that there are now over one million publishers in the Google Content Network. As for the sectors that performed well, Arora cited autos (partly because of Cash for Clunkers), and he mentioned that retail is recovering.
Product SVP Jonathan Rosenberg says that Google is working on making it easier for advertisers to run ads across a broader range of publisher sites. Rosenberg also says that Google is working on correcting GMail outages.
The company also reported that ad quality remains strong, and that they are building out Google Apps, perhaps tied to the massive transition to cloud computing that the executives highlighted.
Kaila Krayewski is a freelance journalist with a passion for all things internet. Having worked for nearly two years as the public relations manager for an internation search engine optimization company, and publishing hundreds of articles (how-to, informational, and otherwise) on SEO, she knows a thing or two about the field. Furthermore, having just started up her own website blondetraveler.com, she is doing her best to keep one step ahead of the search engines in order to keep the traffic flowing.
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