Google earnings for Q4 2011; 90 million Google+ members

Google reported its revenues for the fourth quarter of 2011 and the number, while much higher than those of a year ago, didn't match the prediction of financial analysts. Officially Google said it brought in $10.58 billion in revenue for the period ending December 31, 2011, an increase of 25 percent compared to the same period a year ago.

Because Google didn't reach its financial expectations, shares in the company are getting hit in after hours trading. Forbes reports that the shares are down as much as 9 percent compared to when they closed earlier today.

Google owned sites generated 69 percent of the company's total revenue for the quarter, coming in at $7.29 billion. Google's net income came in for the quarter at $2.71 billion, up from $2.54 billion from the same period a year ago.

Google also gave an update on its social networking service Google+, saying that there are now 90 million members for the service. That's a huge increase compared to what Google said last October when it said Google+ had over 40 million people signed up. It seems that Google is making progress towards making Google+ a true competitor to Facebook and Twitter.

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18 Comments

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itsthenewDC said,
It's only a competitor with active users.. how many of the 90 million are actually active..?

How come I never hear that argument ever being used for Facebook? Oh, yeah I forgot. You're one of the Microsoft Fanboys. I see now.

Honestly how can people be fanbois of big companies. Its a bad sign for your intellect i swear. Google is an advertising company that seems to be unhappy if it dosent own everything so it can get ad revenue.

Iridium said,
Honestly how can people be fanbois of big companies. Its a bad sign for your intellect i swear. Google is an advertising company that seems to be unhappy if it dosent own everything so it can get ad revenue.

Deal with it. We are all fanboys of the big mega-corps now. That's just the way they wanted it and we obliged. Don't you remember how once upon a time we worshiped startups?

Iridium said,
Honestly how can people be fanbois of big companies. Its a bad sign for your intellect i swear. Google is an advertising company that seems to be unhappy if it dosent own everything so it can get ad revenue.
Being a fan of Android is not being a fan of Google. However don't tell that to some of the ****** on this site. They just don't see past that.

UndergroundWire said,
Being a fan of Android is not being a fan of Google. However don't tell that to some of the ****** on this site. They just don't see past that.
But it is...Android/Google are as indifferent as Apple/iOS. You can't love one and not the other.

TechieXP said,
But it is...Android/Google are as indifferent as Apple/iOS. You can't love one and not the other.

I love Windows Desktop OS and not Windows Phone. Therefore it makes me a fan of the product. But like some of the mindless drones on this site, they love Microsoft. Bing, Windows Phone, if Microsoft made it, the love it.

I can honestly say I like Android and Chrome but ChromeOS, Google Wave is a fail. Therefore I am not a Google fan.

FMH said,
No mention of Android?

That's probably how they got the google+ users. Don't you set up a google+ account when you set up your android, or at least you're asked if you want to?

FMH said,
No mention of Android?

No way!
John focussed on the drop in profit.

read somewhere else there's 250 million active device , 11 billion app download , 700 000 activation everyday

Enron said,

That's probably how they got the google+ users. Don't you set up a google+ account when you set up your android, or at least you're asked if you want to?

I can't say for ICS because I've never used it but for gingerbread and honeycomb (and for previous versions of android) Google+ is not a bundled app and when you make your google account you do not automatically make a google+ profile, you have to opt-in.

NesTle said,

No way!
John focussed on the drop in profit.

read somewhere else there's 250 million active device , 11 billion app download , 700 000 activation everyday

Google doesn't make any penny out of Android. Time to learn

nitins60 said,

Google doesn't make any penny out of Android. Time to learn

Not directly, but indirectly they do. Android uses Google's services and ads as well. if you use those services, Google makes money from it.