In case you haven’t heard, Google’s Q1 earnings were released yesterday and like Yahoo, they were even better than what analysts were expecting. As I post this item shares of GOOG are at an all-time high, up almost $15 at $219.20.
Here’s a quick review of Google’s Q1 earnings.
Facts and Figures
+ Google earned $369.2 million, or $1.29 per share in Q1 2005 vs. $64 million, or 24 cents per share in Q1 2004.
+ Revenue totaled $1.26 billion vs. $651.6 million in Q1 2004.
+ After subtracting commissions that Google paid to other Web sites in its advertising network, the company’s first-quarter revenue was $794.5 million.
From the WSJ (reg req.):
“The results far exceeded the estimates of Wall Street analysts, who had projected earnings of 92 cents a share, excluding certain stock-based compensation, according to Thomson First Call. Revenue excluding commissions Google pays to marketing partners totaled $794 million, compared with analysts’ estimate of $731 million.”
+ “Google’s staff rose 15% to 3,482 employees as of March 31 from 3,021 at the end of 2004.”
From the AP:
“Google is an amazing place,” company CEO Eric Schmidt said during a Thursday interview. “I see no sign of things slowing down.”
+ “Google also is making more money internationally. The company generated 39 percent of its revenue overseas in the first quarter, up from 35 percent in the previous quarter.”