Google Reports Q1 2011 Earnings, Record Revenue of $8.58 Billion

Google shocked the search world when it announced that Larry Page would replace Eric Schmidt as CEO effective in April — the same day Google announced Q4 revenues of $8.44 billion and $2.54 billion in profit — both company highs. Today Page is in the spotlight as Google reported $8.58 billion in Q1 2011 revenue — a 27 percent increase over Q1 2010 when the company reported $6.77 billion in revenue.

Profit was $2.3 billion ($7.04 a share), compared to $1.96 billion in Q1 2010.

Let’s break all the Q4 numbers down:

Google Sites Revenues

Google-owned sites generated revenues of $ 5.88 billion (69 percent of total revenues), a 32 percent increase over Q1 2010 revenues of $4.44 billion.

Google Network Revenues

Google’s partner sites generated revenues, through AdSense programs, of $2.43 billion (28 percent of total revenues), a 19 percent increase from Q1 2010 network revenues of $2.04 billion.

International Revenues

Revenues from outside of the United States totaled $4.57 billion, (53 percent of total revenues) compared to 52 percent in Q4 and 53 percent in Q1 2010.

U.K. revenues totaled $969 million (11 percent of revenues), compared to 13 percent in Q1 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 18 percent over Q1 2010 and 4 percent over the Q4 2010.


Average cost-per-click, which includes clicks related to ads served on Google sites and the sites of Google AdSense partners, increased approximately 8% over Q1 2010 and decreased about 1 percent over the Q4 2010.


As of March 31, 2011, cash, cash equivalents, and marketable securities were $36.7 billion.


Worldwide, Google employed 26,316 full-time employees as of March 31, 2011, up from 24,400 full-time employees as of Dec. 31, 2010.

The New York Times reports that Google’s profit fell short of expectations, and analysts are blaming increased spending on hiring and marketing. Shares fell 4.8 percent to $548.79 in after-hours trading.

ClickZ provides more coverage in “Google’s Q1 Revenue Lift Aided by Display And Mobile.”

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