Google CEO Larry Page
Google reported a 33pc increase in third-quarter revenues of US$9.7bn. CEO Larry Page revealed that the search giant’s new social networking service Google+ has just passed the 40m users mark.
Google’s net income for the quarter was US$2.7bn, up from US$2.1bn a year ago. Operating income in the third quarter of 2011 was US$3.06bn, up from US$2.5bn a year ago.
“We had a great quarter,” said Page. “Revenue was up 33pc year on year and our quarterly revenue was just short of US$10bn. Google+ is now open to everyone and we just passed the 40m users mark. People are flocking into Google+ at an incredible rate and we are just getting started!”
Google-owned sites generated revenues of US$6.74bn compared with US$4.83bn in 2010.
Google’s partner sites generated revenues, through AdSense programs, of US$2.60bn compared with revenues of US$2.20bn last year.
Revenues from outside of the US were US$5.3bn, representing 55pc of total revenues in the third quarter of 2011, compared to 54pc in the second quarter of 2011.
Revenues from the UK reached US$1.05bn, representing 11pc of revenues in the third quarter of 2011, compared to 12pc in the third quarter of 2010.
