Google Reports Q3 2011 Earnings, Record $9.72 Billion Revenue

google-quarterly-revenues-q3-2011

Google, which for the first time topped $9 billion in revenue in Q2, once again set another company record as it delivered a strong third quarter with $9.72 billion in revenue, a 33 percent increase over the $7.29 billion reported in Q3 2010.

Net income was $2.73 billion, as compared to $2.17 billion in Q3 2010. Earnings per share (EPS) of $8.33, which was below some analyst expectations.

Here’s a breakdown of all the Q3 numbers:

Google Sites Revenues

Google-owned sites generated revenues of $6.74 billion (69 percent of total revenues), a 39 percent increase over Q3 2010 revenues of $4.83 billion.

Google Network Revenues

Google's partner sites generated revenues, through AdSense programs, of $2.6 billion (27 percent of total revenues), an 18 percent increase from Q3 2010 network revenues of $2.2 billion.

International Revenues

Revenues from outside of the United States totaled $5.3 billion, (55 percent of total revenues) compared to 54 percent in Q2 and 52 percent in Q3 2010.

U.K. revenues totaled $1.05 billion (11 percent of revenues), compared to 12 percent in Q3 2010.

Paid Clicks

Aggregate paid clicks, which includes clicks related to ads served on Google sites and the sites of Google's AdSense partners, increased about 28 percent over Q3 2010 and 13 percent over Q2 2011.

Cost-Per-Click

Average cost-per-click, which includes clicks related to ads served on Google sites and the sites of Google AdSense partners, increased about 5 percent over Q3 2010 and decreased about 5 percent over Q2 2011.

Cash

As of September 30, cash, cash equivalents, and marketable securities were $42.6 billion.

Employees

Worldwide, Google employed 31,353 full-time employees as of September 30, up from 28,768 full-time employees as of June 30.

Google+: More Than 40 Million Users

CEO Larry Page has confirmed that Google+ has “just passed the 40 million user mark.” Other notes from the earnings call:

  • 3.4 billion photos have been uploaded to Google+
  • 200 million Google Chrome users
  • 190 million Android devices activated globally so far
  • Mobile revenue run rate has grown 2.5x to $2.5 billion