Google Q3 Earnings Released, $9.72 Billion in Revenue
Revenue up 33% year-over-year
Chris Crum | October 13, 2011 @ 4:06pm
Google has released its earnings report for the third quarter, beating expectations.
This includes $9.72 billion for the quarter, a 33% year-over-year increase. Larry Page also included a Google+ stat update.
“We had a great quarter,” said Larry Page, CEO of Google. “Revenue was up 33% year on year and our quarterly revenue was just short of $10 billion. Google+ is now open to everyone and we just passed the 40 million user mark. People are flocking into Google+ at an incredible rate and we are just getting started!”
Google-owned sites generated revenues of $6.74 billion. Google’s AdSense partners generated $2.60 billion (27% of total revenues). Revenues from outside of the U.S. totaled $5.3 billion (55% of total revenues).
Paid clicks increased about 28% year-over-year and 13% quarter-over-quarter. Average cost-per-click increased about 5% year-over-year and decreased by 5% quarter-over-quarter.