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Google breaks $10bn quarterly revenues mark

Google's UK revenues have exceeded $1bn (£645.74m) in the UK for the second quarter in a row, while total revenues increased by 25% year on year to exceed $10bn (£6.46bn) in a single quarter for the first time.

Dan Cobley, Google UK MD: taken the search giant to second straight $1bn plus quarter

Dan Cobley, Google UK MD: taken the search giant to second straight $1bn plus quarter

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According to its fourth quarter and fiscal year 2011 results, Google’s UK revenues were $1.06bn (£684.49bn) for the last three months of 2011, up 20.7% year on year, and represented 10% of all revenues during the quarter (an equal proportion to Q4 2011).

Google reported total revenues of $10.58bn (£6.83bn) for the quarter ended 31 December, 2011, an increase of 25% compared to the fourth quarter of 2010.

Total ad revenues were $10.2bn (£6.59bn) during the last quarter of 2011, up 24.6% year on year, while across 2011 total ad revenues were $36.53bn (£23.59bn), up 29.4% year on year, suggesting a slow down towards the end of the year.

Income before tax was $3.49bn (£2.25bn) in the fourth quarter of 2011, up 11.0% year on year, and $12.33bn (£7.96bn) across 2011 as a whole, an increase of 14.2% year on year.

Larry Page, chief executive of Google, said: "Google had a really strong quarter ending a great year. Full year revenue was up 29%, and our quarterly revenue blew past the $10 billion mark for the first time.

"I am super excited about the growth of Android, Gmail, and Google+, which now has 90 million users globally – well over double what I announced just three months ago."

Page added: "By building a meaningful relationship with our users through Google+ we will create amazing experiences across our services. I’m very excited about what we can do in 2012 – there are tremendous opportunities to help users and grow our business."

This article was first published on mediaweek.co.uk

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