SEL: Google Quadruples Net, Schmidt Calls Google Earth Q2's Key Development

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July 22, 2005

Google Quadruples Net, Schmidt Calls Google Earth Q2's Key Development

Despite revenues of $890 million, Google's stock fell almost "4% in early trading Friday," according to MarketWatch.

Key Numbers:

Total Revenue: $1.384 billion
Google-owned sites: $737 million - up 115% over Q2 '04
AdSense Network: $630 million - up 82% over Q2 '04
RevShare: Google paid parnters $494 million

In an interview Schmidt said "the most significant development in the quarter was Google Earth."

"When your name keeps being mentioned at cocktail parties and you are not going to jail, it's good," Mr. Schmidt said.

Yahoo spends 28 percent of its net revenue on sales and marketing, Google spent 11 percent.

Resources:
Google Profit Soars Again, Beyond High Expectations (NYTimes)
GOOGLE ANNOUNCES RECORD REVENUES FOR SECOND QUARTER FISCAL 2005 (press release)
Google net rises more than fourfold (MarketWatch)
Google: Ad Revenues Drive Record Quarter (ClickZ)
Pseudo-Transcript Of Google Earnings Call (SEWblog)

Garrett French - MarketSmart Interactive | permalink | +marktd |

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