Feeds

Google tops $1bn

In the money

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Google earned $1bn revenues in a quarter for the first time, the company announced today. The web giant grossed $1.032bn, up from the $805.8m it grossed in the quarter ending September 30, and double that grossed a year ago. Net income, calculated on a GAAP basis, was $204m, which included a $60m write-down for stock compensation. Traffic acquisition costs for the quarter were $378m, or 77 per cent of network revenues. Revenues from Google's ad brokerage now account for almost half of its income.

Google is keeping an increasing proportion of the money it receives from advertisers. 77 per cent was passed on to partner sites, down from 85 per cent in the preceding quarter.

This quarter gives a better picture of Google's financials than its predecessor, which was Google's first as a public company. In that period, Google made a one off payment to Yahoo! - settling a legal dispute by licensing patents for the latter's Overture technology - to the tune of $201m.

Over the entire calendar year last year, Google earned $3.19bn, almost exactly half of which came from its own properties and the rest from its ad brokerage. Revenues from the latter - which include Adwords and Adsense - are increasing at a faster clip: up 147 per cent over the year, compared a 101 per cent increase from its own properties. Over the year, Google declared net income of $399m.

Google ended the year with over 3,000 staff.

How does it stack up against it arch rivals? Yahoo! reported slightly better numbers for the calendar year: $3.575bn earned and $840m in profit; although Google had a stronger quarter. Amazon.com reports its earnings tomorrow, which in light of recent snafus, should make for interesting reading. ®

Related stories

Google becomes domain name seller
Ad confidence spurs Yahoo!
German court rules email blocking 'illegal'
An open source Google - without the ads

Beginner's guide to SSL certificates

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.