Google Earnings Fall Short of Estimates in Q4
AdSense Revenues Soar 37% vs. Q4 2006
By Alex Weprin -- Broadcasting & Cable, 1/31/2008 1:09:00 PM
Google announced its fourth-quarter earnings Thursday, showing increases in revenue and profits from last year. However, the final numbers fell short of some analysts’ expectations. Google’s stock was down 7% for the day at press time, including post-market trading.
The company posted revenues of $4.83 billion, an increase of 51% over Q4 2006 and 14% over Q3 2007. Net income for the quarter was $1.21 billion compared with $1.07 billion in Q3.
Operating expenses were up over the previous quarter, totaling $1.43 billion, up from $1.35 billion in Q3.
Google’s AdSense program soared, generating $1.64 billion in revenue, a 37% increase over 2006 when the company brought in $1.2 billion through the program, and up 12% from Q3 2007.
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