Holy shit: Google's earnings go hog wild - GoFuckYourself.com

DomBuyer · 04-22-2005, 05:52 AM

This is some good news for me....heh

"Search ads fire up Google profits

Google is one of the world's most popular search engines
Internet search engine Google has reaped the rewards of a rapid growth in search advertising with a near six-fold surge in quarterly earnings.

Google reported a net income of $369.2m (£282.7m), or $1.29 a share, in the first quarter, compared with $64m, or 24 cents a share a year ago.

The figures eclipsed even the most optimistic of Wall Street forecasts.

Shares in Google rallied by more than $5 after the closing bell on Thursday to trade at $214 a share.

This is more than twice Google's float price of $85 a share in August last year.

Total revenue was $1.26bn (£960m), almost double last year's $651.6m figure.

Rapid growth

The key to the company's rapid profits growth has been the surge in revenue from adverts that are triggered when internet users type certain key words into Google's search engine.

Google gets paid each time one of the adverts displaying a link is clicked on.

"This was a very strong quarter for Google," said chief executive Eric Schmidt.

"We continue to execute well and we have been able to take full advantage of the growth in online advertising."

Commenting on the figures, Chris Baggini of the Gartmore Growth Fund said: "On the surface they look fantastic."

Wall Street estimates had put Google's quarterly earnings at 92 cents a share.

http://news.bbc.co.uk/2/hi/business/4470747.stm

Rui · 04-22-2005, 05:59 AM

If they don't start cleaning the shitload of cheating and unrelated indexes they will loose lots of their "status" specialy considering how big competition is nowadays...

adonthenet · 04-25-2005, 10:30 AM

google rules ! :P

OG LennyT · 04-25-2005, 10:36 AM

Its all about Google PR

Susan F · 04-25-2005, 11:12 AM

They do have alot of bad links though...

Corleone · 04-25-2005, 11:14 AM

I should have bought some google stocks

Manowar · 04-25-2005, 11:29 AM

God damn, nice.

Rui · 04-25-2005, 11:43 AM

Quote:

Originally Posted by Susan F

They do have alot of bad links though...

Attm its more than just "alot" sadly...

ezrydn · 04-25-2005, 07:22 PM

And Google's "bubble" will surely pop soon, also.

You read it here first!

swedguy · 04-25-2005, 07:25 PM

Quote:

Originally Posted by dvd316

Its all about Google PR

Not really

tony286 · 04-25-2005, 07:29 PM

i think they will eventually own the net

8 Characters · 04-25-2005, 07:30 PM

Google is like half as cool as me.

WiredGuy · 04-25-2005, 07:47 PM

Ok, so maybe there's a little money in SEO, but not that much.
WG

SKULL · 04-25-2005, 07:52 PM

Google sucks, I love yahoo

04-22-2005, 05:52 AM	#1
DomBuyer Confirmed User Join Date: Sep 2002 Location: Amalfi Coast Posts: 2,595	Holy shit: Google's earnings go hog wild This is some good news for me....heh "Search ads fire up Google profits Google is one of the world's most popular search engines Internet search engine Google has reaped the rewards of a rapid growth in search advertising with a near six-fold surge in quarterly earnings. Google reported a net income of $369.2m (£282.7m), or $1.29 a share, in the first quarter, compared with $64m, or 24 cents a share a year ago. The figures eclipsed even the most optimistic of Wall Street forecasts. Shares in Google rallied by more than $5 after the closing bell on Thursday to trade at $214 a share. This is more than twice Google's float price of $85 a share in August last year. Total revenue was $1.26bn (£960m), almost double last year's $651.6m figure. Rapid growth The key to the company's rapid profits growth has been the surge in revenue from adverts that are triggered when internet users type certain key words into Google's search engine. Google gets paid each time one of the adverts displaying a link is clicked on. "This was a very strong quarter for Google," said chief executive Eric Schmidt. "We continue to execute well and we have been able to take full advantage of the growth in online advertising." Commenting on the figures, Chris Baggini of the Gartmore Growth Fund said: "On the surface they look fantastic." Wall Street estimates had put Google's quarterly earnings at 92 cents a share. http://news.bbc.co.uk/2/hi/business/4470747.stm

04-25-2005, 10:36 AM	#4
OG LennyT Wall Street Pimp Industry Role: Join Date: Jun 2003 Location: Phoenix, AZ Posts: 14,345	Its all about Google PR __________________ Tradeking - my online broker \| 4.95 a trade \| make real $$

04-25-2005, 11:12 AM	#5
Susan F Confirmed User Join Date: Oct 2004 Location: Costa Rica Posts: 397	They do have alot of bad links though... __________________ Susan F http://affiliates.IwantU.com Our members get laid, our affiliates get paid

04-25-2005, 07:47 PM	#13
WiredGuy Pounding Googlebot Industry Role: Join Date: Aug 2002 Location: Canada Posts: 34,486	Ok, so maybe there's a little money in SEO, but not that much. WG __________________ I play with Google.

04-25-2005, 07:52 PM	#14
SKULL Confirmed User Industry Role: Join Date: Jun 2003 Location: The Moon Posts: 1,953	Google sucks, I love yahoo __________________ www.traffic-trades.com

04-22-2005, 05:59 AM	#2
Rui web Join Date: Dec 2001 Location: On icq: 85-483-060 Posts: 9,533	If they don't start cleaning the shitload of cheating and unrelated indexes they will loose lots of their "status" specialy considering how big competition is nowadays...

04-25-2005, 10:30 AM	#3
adonthenet Too lazy to set a custom title Join Date: Feb 2005 Posts: 16,753	google rules ! :P

04-25-2005, 11:14 AM	#6
Corleone C.R.E.A.M Industry Role: Join Date: Apr 2003 Posts: 15,262	I should have bought some google stocks

04-25-2005, 11:29 AM	#7
Manowar jellyfish Join Date: Dec 2003 Posts: 71,528	God damn, nice.

04-25-2005, 07:22 PM	#9
ezrydn Confirmed User Join Date: Aug 2004 Location: Guadalajara, MX Posts: 695	And Google's "bubble" will surely pop soon, also. You read it here first!

04-25-2005, 07:29 PM	#11
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	i think they will eventually own the net

04-25-2005, 07:30 PM	#12
8 Characters So Fucking Banned Join Date: Jan 2005 Location: This month's character: Dirty Franck Posts: 2,336	Google is like half as cool as me.