Google powers ahead as UK revenues hit $1bn milestone

Google's quarterly UK revenues have passed $1bn for the first time, as the company delivered an eye-popping 33% surge in total revenue to $9.7bn (£6.2bn).

Google: quarterly UK revenues pass $1bn for the first time
Google: quarterly UK revenues pass $1bn for the first time

Third-quarter revenues from the UK totalled $1.05bn, the 13-year-old search giant disclosed last night, compared with $840m a year ago.

The 33% growth in the top line, which grew faster than its traffic acquisition costs, helped Google to boost overall net income by 26% year on year to $2.73bn.

Outperforming analysts’ expectations, the company shows no sign of stumbling after the change of leadership from Eric Schmidt to Larry Page in April.

Announcing the results, Page again chose to focus on the progress of Google+, the company’s attempt to catch up to Facebook’s runaway success in the social networking space.

Google+ launched as an invitation-only service at the end of June, notching up 10 million sign-ups by mid-July.

Page claimed yesterday that it had just passed the 40-million mark, nearly a month after being made open to all.

Facebook has more than 800 million users, and, in September, it was reported that it had made first-half net income of almost $500m on revenues of almost $1.6bn.

Search continues to be the engine driving Google forward, with the number of paid clicks in the third quarter increasing 28% year on year.

In August, Google agreed to buy mobile phone business Motorola Mobility for $12.5bn (£7.7bn) in cash.

Follow @danfareyjones on Twitter

Have your say...

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Media Week Jobs
Search for more media jobs

Latest

Celebrity Cruises opts for Goodstuff

Celebrity Cruises opts for Goodstuff

Celebrity Cruises has appointed Goodstuff as its media planning and buying agency, following a four-month competitive pitch process.

Share
TalkTalk to launch user-generated X Factor idents

TalkTalk to launch user-generated X Factor idents

TalkTalk is releasing an app that allows users to make their own music videos and will use the best in its X Factor idents.

Share
Cast of Toy Story return for Sky Broadband campaign

Cast of Toy Story return for Sky Broadband campaign

Sky has once again turned to the cast of 'Toy Story' for a TV campaign promoting its broadband service.

Share

Get news by email