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78% increase in revenue for Google outside the US
Andy Atkins-Krüger Oct 20, 2006 Google’s third quarter results show a growth year on year of 70% - a slower rate than the virtual doubling we have seen in the past, however, from a larger base so a still considerable increase in activity.
Google is pleased with its progress outside the US - the share of the international revenue increased from 42% to 44% of turnover. As the overall growth rate was 70%, this means the growth outside the US is well in excess of the US-based turnover.
By my calculations, Google’s turnover outside the US has increased by 78% from $0.67 billion to $1.18 billion. This compares with a US growth of 65% (my calculation).
Investment gains from the sale of shares in Baidu amounted to around $23 million.
CEO, Eric Schmidt, commented:
Our third quarter results are a testament to the strength of our
network of advertisers and partners, as well as our continuing focus on
users.
We were particularly pleased with the contributions of our international business in a
seasonally weaker quarter.
In addition, we continued to forge
significant partnerships with companies such as eBay, Fox Interactive
Media, and Intuit that will be of great value to all involved.
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October 29th, 2006 at 9:13 pm
Maybe they’ll take that money the got from the sale of those Baidu shares and use it to gain traction on Baidu in China. Wouldn’t that be ironic.
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Even more impressive is Google’s 92% increase in profits from the same quarter a year ago. Google earned $733 million in the quarter, up from $381 million a year ago.
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