Google's Third Quarter Results: Increased Profits & Gross Revenue

Oct 20, 2006 | 1,830 views | by Navneet Kaushal
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Google has announced the financial results for third quarter ending September 30, 2006. Financial summary is available at Google's press center:

"Google reported revenues of $2.69 billion for the quarter ended September 30, 2006, an increase of 70% compared to the third quarter of 2005 and an increase of 10% compared to the second quarter of 2006. Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs, or TAC. In the third quarter of 2006, TAC totaled $825 million, or 31% of advertising revenues."

Quarterly profit rose 92% and the gross revenue rose 70% to $2.69.

Reuters reports  "Analysts had been looking for a net profit, on average, of $2.13 per share, according to Reuters Estimates. Excluding stock-based compensation and amortization, the consensus forecast was for a profit of $760.1 million, or $2.41 a share.

Wall Street analysts on average had projected revenue, excluding what Google pays to Web site affiliates, to rise 66 percent from the year earlier to $2.62 billion, according to Reuters Estimates. Forecasts ranged between $2.48 billion and $2.76 billion."

4.thumbnail Googles Third Quarter Results: Increased Profits & Gross Revenue

Navneet Kaushal

Navneet Kaushal is the founder and CEO of PageTraffic, an SEO Agency in India with offices in Chicago, Mumbai and London. A leading search strategist, Navneet helps clients maintain an edge in search engines and the online media. Navneet's expertise has established PageTraffic as one of the most awarded and successful search marketing agencies.
4.thumbnail Googles Third Quarter Results: Increased Profits & Gross Revenue
4.thumbnail Googles Third Quarter Results: Increased Profits & Gross Revenue