Google announces first quarter 2010 financial results

Today Google has announced their financial earnings for the first quarter of 2010.  The first quarter ended March 31, 2010, with a reported revenue of $6.77 billion.  Compared to the first quarter results of 2009, Google has seen an increase of 23%.

Google sites revenues alone generated $4.44 billion in revenue, or 66% of total revenues earned, a 20% increase, $3.69 billion, over the first quarter of 2009.

Google network revenues, through Adsense programs, generated $2.04 billion, or 30% of total revenues, a 24% increase, $1.64 billion, over the first quarter of 2009.

Google’s international revenues outside of the United States generated $3.58 billion, or 53% of total revenues, compared to 52% of total revenues earned in the first quarter of 2009.  Generated revenues from the United Kingdom totaled $842 million, or 13% of revenues in the first quarter of 2010.

Google’s paid clicks seen an increase of 15% this quarter, compared to the first quarter of 2009. Traffic acquisition costs increased to $1.71 billion, compared to $1.44 billion in the first quarter of 2009.

Internet income and other, net increased to $18 million, compared to $6 million in the first quarter of 2009.

Stock-based compensation totaled $291 million, compared to $277 million for the first quarter of 2009.

Income taxes rate for Google was 22% for the first quarter of 2010.

Google’s operating costs for the first quarter of 2010 were $1.84 billion, which increased from $1.52 billion in the first quarter of 2009.  Operating income accounted for $2.49 billion, or 37% of total revenues, compared to $1.88 billion, or 34% of total revenues, in the first quarter of 2009.

Worldwide, Google employed 20,621 full-time employees as of March 31, 2010, up from 19,852 full-time ending December 21, 2009. 

Google’s financial earnings for the first quarter of 2010 are available here (PDF). If you're wondering how Google makes it money, watch the video below.

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12 Comments

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I for one do not like one company having so much power with ALL of that information they hold..... and you know that in the wrong hands, that power could be very dangerous.

Dcrad said,
I for one do not like one company having so much power with ALL of that information they hold..... and you know that in the wrong hands, that power could be very dangerous.

Use another services then.

dancedar said,
Google profit's up 23% year-on-year, Wall St: unimpressed. wtf

They announced their results after the market closed and it has yet to open. What have dropped is futures (a way of betting on what the future price of a stock will be) as it seems the market didn't like the rising costs.

And Google's revenue has increased 23% year-on-year, not profits.

Edited by Forensis, Apr 16 2010, 11:44am :

jonnytabpni said,
Why are they unimpressed?

Because wall street is filled with idiots who have never run a business in their life - they think they're 'helping' the economy by treating the stock exchange like a casino when in reality they're screwing it up for everyone else.