Archive for the ‘Google Earnings’ Category

Google Q1 2009 Earnings

April 16, 2009

Techcrunch has notes live from Google’s Q1 2009 earnings call.

Comments about Google’s most recent quarter from CEO Eric Schmidt:

“We’re still basically in uncharted territory” (with regards to the economy).
No company is recession proof, Google is feeling the impact.
Our advertising method is working
“We think Google is well placed for the recovery as it occurs or when it occurs and the shift continues to the Web, continues to give us a great advantage”
The shift online continues to give us an advantage
Advertisers lowering bids
Omid Kordenstani is stepping down. It’s impossible to explain the impact he’s had.
No one is better placed to advise us (Kordenstani will remain an advisor).

Additional comments from CFO Patrick Pinchette: up due to traffic growth.
AdSense was down, impacted by clean-up of network partners.
Our advertisers slowed their spend
Lower-labor costs and we reset our company bonus plan
Traffic acquisition costs were roughly flat from Q4
“We’re still hiring” — but only in certain areas.
As previously announced, we’re eliminating 200 positions in sales and marketing, but those weren’t included in the Q1 numbers
Our revenues are seasonally weaker in Q2, so be prepared.

Thanks TechCrunch.

Google Earnings

April 17, 2008

Google continues to grow it earnings through search ad delivery domestically (20% over 1st 2007) while for the first time Google has generated the majority of its revenues (51%) from the international market.

“Our ongoing innovation in search, ads, and apps helped drive healthy growth globally across our product lines, yielding another strong quarter for Google,” said Eric Schmidt, CEO of Google. “As we integrate DoubleClick into our advertising platform, we see exciting new ways to improve the user experience and increase value for our advertisers and partners. Also, while exercising operational discipline, we continue to explore opportunities that add value to users everywhere and to Google in the long term.”

From the Google Earnings press release:

Google Paid Clicks – Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of our AdSense partners, increased approximately 20% over the first quarter of 2007 and approximately 4% over the fourth quarter of 2007.

Google International Revenues – Revenues from outside of the United States totaled $2.65 billion, representing 51% of total revenues in the first quarter of 2008, compared to 47% in the first quarter of 2007 and 48% in the fourth quarter of 2007.

That which is measured can be managed and as Google’s earnings illustrate, no company manages search ad delivery better than Google.

You can find more details about Google earnings ironically at… Yahoo Finance:

Google Announces First Quarter 2008 Results: Financial News – Yahoo! Finance