Google’s Q4 financial results still up despite global financial difficulties
Posted by admin on 23 Jan 2009 | Tagged as: Facts & Figures, Google
Google and Microsoft both released their Q4 financial results yesterday, and while both recorded financial gains from the same period in 2007, Google’s increase was significantly more impressive.
Google revenues were up 18% from Q4 2007 to total $5.7 billion, which was also an increase of 3% from Q3 2008. The revenue from Google-owned sites reached $3.81 billion, which is an increase of 22% from Q4 2007, as well as an increase of 4% from Q3 2008. Google UK generated $685 million, while the total revenue from all destinations outside of the US totalled $2.86 billion.
Google CEO, Eric Schmidt, was justly proud of the figures, saying, “Google performed well in the fourth quarter, despite an increasingly difficult economic environment. Search query growth was strong, revenues were up in most verticals, and we successfully contained costs.” He added that Google would continue to focus on the long-term and that they would continue to invest in core search and ads, as well as strategic growth areas, such as mobile.

