Google: Revenue, Clicks, CPC, AdSense All Up; GOOG Stock Down

Apr 15, 2011 • 7:52 am | comments (6) by twitter Google+ | Filed Under Google News & Finances
 

GOOG EarningsLast night Google announced their QA earnings and this was the first time they do so with Larry Page as CEO. The results were not that bad at all, any company would be thrilled to reporting these types of earnings, but in terms of Google - they did not shine and glow after the earnings report.

Revenue was up overall, AdSense income up, clicks on paid ads were up, cost per click was up, but expenses were up significantly too.

Here are som key highlights:

  • Revenues - Google reported revenues of $8.44 billion in the fourth quarter of 2010, representing a 26% increase over fourth quarter 2009 revenues of $6.67 billion. Google reports its revenues, consistent with GAAP, on a gross basis without deducting TAC.
  • Google Sites Revenues - Google-owned sites generated revenues of $5.67 billion, or 67% of total revenues, in the fourth quarter of 2010. This represents a 28% increase over fourth quarter 2009 revenues of $4.42 billion.
  • Google Network Revenues - Google's partner sites generated revenues, through AdSense programs, of $2.50 billion, or 30% of total revenues, in the fourth quarter of 2010. This represents a 22% increase from fourth quarter 2009 network revenues of $2.04 billion.
  • Paid Clicks - Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of our AdSense partners, increased approximately 18% over the fourth quarter of 2009 and increased approximately 11% over the third quarter of 2010.
  • Cost-Per-Click - Average cost-per-click, which includes clicks related to ads served on Google sites and the sites of our AdSense partners, increased approximately 5% over the fourth quarter of 2009 and increased approximately 4% over the third quarter of 2010.
  • Operating Expenses - Operating expenses, other than cost of revenues, were $2.51 billion in the fourth quarter of 2010, or 30% of revenues, compared to $1.78 billion in the fourth quarter of 2009, or 27% of revenues.
  • Net Income - GAAP net income in the fourth quarter of 2010 was $2.54 billion, compared to $1.97 billion in the fourth quarter of 2009. Non-GAAP net income was $2.85 billion in the fourth quarter of 2010, compared to $2.19 billion in the fourth quarter of 2009. GAAP EPS in the fourth quarter of 2010 was $7.81 on 326 million diluted shares outstanding, compared to $6.13 in the fourth quarter of 2009 on 322 million diluted shares outstanding. Non-GAAP EPS in the fourth quarter of 2010 was $8.75, compared to $6.79 in the fourth quarter of 2009.
  • Cash - As of December 31, 2010, cash, cash equivalents, and marketable securities were $35.0 billion.
  • Headcount - On a worldwide basis, Google employed 24,400 full-time employees as of December 31, 2010, up from 23,331 full-time employees as of September 30, 2010.

Google's stock is about the only thing down now....

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Comments:

Pablo

04/15/2011 01:41 pm

Savvy investors are starting to realize that Facebook is not only an imminent threat to Google, but has the power to cut their market share in half. Why would I want to invest in a company that I am certain will be doomed?

Nick Stamoulis

04/15/2011 01:59 pm

It's interesting to read that, even though Google's revenue increased, their stock decreased. Obviously Google is still the powerhouse of search, but Bing remains determined to chip away at it. Are investors getting nervous?

Andrew Davis

04/15/2011 04:18 pm

@Pablo "Certain will be doomed" sounds like the same 2012 prophecy Mashable made a few days ago. I wouldn't invest in Google, but they're far from doomed.

Syed Khaled Hussaini

04/15/2011 04:22 pm

Could it be... - Failure of Google in social network in all attempts - Big news about Bing crossing 30% share for the first time - News of Overstock, JCPenney,etc all over the place probably didn't help either - Panda - savvy investers do realize that Panda will reduce G's revenue at least for some time to come

googlemonopolyeu

04/15/2011 05:38 pm

We wrote about Google's stock demise weeks before this overdue market correction. We produced at least three articles including one that even gave April 14 and 15 dates. See: http://www.googlemonopoly.eu/index.php/2011/04/15/we-told-you-googles-stock-was-going-to-tank-on-april-14-and-april-15/

online coupons

04/18/2011 10:21 am

Its good to hear that Google revenue increases but right on the other hand we can see that no. of searches at Bing also increases and we guess in future Bing can be a big competitor of Google.

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