With lower than expected earnings in Q1, growing concerns about increased spending, and a 14 percent decline in Google’s stock price since Larry Page was appointed CEO, Google today reported $9.03 billion in Q2 2011 revenue – a new record for quarterly revenue and a 32 percent increase over Q2 2010 when the company reported $6.82 billion in revenue.
Profit was $2.51 billion ($7.68 a share), compared to $2.37 billion in Q2 2010. The huge earnings sent shares up 10 percent to $585.90
Let's break all the Q2 numbers down:
Google Sites Revenues
Google-owned sites generated revenues of $6.23 billion (69 percent of total revenues), a 39 percent increase over Q2 2010 revenues of $4.5 billion.
Google Network Revenues
Google's partner sites generated revenues, through AdSense programs, of $2.48 billion (28 percent of total revenues), a 20 percent increase from Q2 2010 network revenues of $2.06 billion.
Revenues from outside of the United States totaled $4.87 billion, (54 percent of total revenues) compared to 53 percent in Q1 and 52 percent in Q2 2010.
U.K. revenues totaled $976 million (11 percent of revenues), compared to 11 percent in Q2 2010.
Aggregate paid clicks, which includes clicks related to ads served on Google sites and the sites of Google's AdSense partners, increased about 18 percent over Q2 2010 but decreased 2 percent over Q1 2011.
Average cost-per-click, which includes clicks related to ads served on Google sites and the sites of Google AdSense partners, increased about 12 percent over Q2 2010 and increased about 6 percent over Q1 2011.
As of June 30, 2011, cash, cash equivalents, and marketable securities were $39.1 billion.
Worldwide, Google employed 28,768 full-time employees as of June 30, up from 26,316 full-time employees as of March 31. Google noted that growth was similar to Q1 and excludes 450 employees hired as part of the ITA acquisition.
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