Google Reports Solid Q1 Earnings

April 16, 2010

Subscribe to our RSS feed to stay current with the latest news and updates.

Google Reports Solid Q1 Earnings

Google has released its financial results for the first quarter of 2010 and the company reported revenues of $6.77 billion, an increase of 23 percent compared to the first quarter of 2009.

Google performed very well in the first quarter, with 23% year over year revenue growth driven by strength across all major verticals and geographies, said Patrick Pichette, CFO of Google.

Going forward, we remain committed to heavy investment in innovation -- both to spur future growth in our core and emerging businesses as well as to help build the future of the open web.

Google-owned sites generated revenues of $4.44 billion, or 66 percent of total revenues in the first quarter of 2010. This represents a 20 percent increase over first quarter 2009 revenues of $3.69 billion.

Not including certain items, Google said it earned $6.76 a share, beating analysts estimates of $6.60 a share.

Googles partner sites generated revenues of $2.04 billion, or 30 percent of total revenues, in the first quarter of 2010. This represents a 24 percent increase from first quarter 2009 network revenues of $1.64 billion.

Click to Play

What Is Fair Use?
What is legally classified as Fair Use? It’s a question that is puzzling to many. With the number of content producers increasing as a result of the Internet, it is even...

Financial Blog Talk

Jamendo Gains Financial Support From...
"After months of uncertain search for a new investor, the company has finally been purchased by one of its clients," exiting Jamendo...

Venture Capital Gains Against
Venture capital funds in the United States have performed better during the first quarter of 2010. U.S. venture capital funds raised $4.1...

SoundExchange Sees Huge Financial...
SoundExchange sent out checks for nearly $52 million to artists and rights holders in the first quarter of 2010 marking a 25% increase...

UK Online Ad Spending Reaches $5.3...
The UK Internet advertising sector increased revenues by 4.2 percent to $5.3 billion in 2009, up from $5 billion in...