Google saw a year on year revenue increase of 31% in the third quarter, to $5.5 billion, despite the current economic downturn.
Third-quarter profit was also up, by around 26% to $1.35 billion, or $4.24 a share.
Google.com grew 34% to 2.7 billion, driven by steady traffic growth. AdSense rose 15% to 1.7 billion. Global aggregate paid clicks climbed 18%, compared with Q3 2007.
However, Google CEO Eric Schmidt said “It’s clear we’re in uncharted territory.”
He added: “While we are realistic about the poor state of the global economy, we will continue to manage Google for the long term.”
Google is currently waiting for results from the anti-trust review by the US Justice Department regarding its advertising partnership with Yahoo! which would allow Google ads to appear on the Yahoo! search engine (see US Regulators Investigate Yahoo!/Google Deal).
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