Google’s bank balance
From http://www.techcrunch.com/2006/10/19/google-quantifies-its-momentum/
Headlines:
- Google almost doubled its net income July to Sept 2006 compared with July to Sept 2005, compared with Yahoo’s drop of 38% for the same period.
- Their costs in respect of third party sites on their network dropped by 31% compared to the previous quarter: they’re paying less AdSense publishers, probably also paying less per click. This is probably at least partly down to the impact of click fraud, but they didn’t say that.
- Nielsen say Google’s market share for paid search has grown by 24% to reach 50% of the market.
- New product launches go on and on, and the YouTube acquisition will feed into that significantly.
- Sergey Brin says they’re working as hard to get their products integrated with each other as they are to develop new products.
By the way, if you look at http://investor.google.com/releases/2006Q3.html Google looks like it has $3 BILLION in the bank. That must be generating some interest.
