|

Google’s Pre-Tax Profits Grow 41.6%

Google’s Pre-Tax Profits Grow 41.6%

Search engine giant Google has reported a 41.6% rise in third-quarter pre-tax profits to $1.47bn.

Google’s revenues for the quarter were $4.23, a 57% increase over third quarter 2006 revenues of $2.69 billion and a 9% increase over second quarter 2007 revenues of $3.87 billion.

Revenues from the UK totaled $661 million, whilst total revenues from outside of the United States reached $2.03 billion, representing 48% of total revenues in the third quarter of 2007.

Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of its AdSense partners, increased approximately 45% over the third quarter of 2006 and approximately 5% over the second quarter of 2007.

Eric Schmidt, CEO of Google, said: “We are very pleased with the impressive growth we experienced across our business. Our core search advertising business experienced continued momentum driven by growth in monetisation and traffic, and we are creating a wider and deeper ads system through our focus on innovation, bringing more ad formats to our advertisers.

“Our efforts to offer more products and services in international markets as well as effectively grow our technology infrastructure and add to our deep talent base during the quarter helped to deliver growth by enabling Google to reach more users around the world.”

Last week, Google acquired the Finnish social networking site Jaiku, which allows users to connect with friends via the internet, instant messenger and mobile (see Google Acquires Finnish Social Networking Site).

Media Jobs