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
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
Latest jobs Jobs web feed
- Commercial Market Analyst UCAS c.£35,000 , Cheltenham, Gloucestershire
- Creative Production Controller (Maternity Cover) Asthma UK £34,361 - £36,169, London (Central), London (Greater)
- Marketing Brand Manager Clipper Ventures Circa £40k - dependent on experience, South East England / South West England / Gosport, Hampshire
- Senior Product Manager Ball & Hoolahan £50,000 per annum, London (Central), London (Greater) / London (City of), London (Greater)
- Customer Insight Manager Tottenham Hotspur Between £40,000-£45,000 per annum + benefits (dependant on experience), London (North), London (Greater)
- Sponsorship Manager Ball & Hoolahan £50,000 per annum, London (Central), London (Greater)