Much to the surprise of the Online world Google posted $ 5.19 billion in Q108 results -- showing a 42% increase yoy. Reportedly this beat Wall Street's expectation of around $ 3.5 billion. TAC (Traffic Acqusition Cost -- the money Google pays to partners for its traffic) is $1.49 billion. So Net Revenue is $ 4.7 billion.
This result will make Yahoo! all the more uncomfortable. It is already under fire from media and investors to explain its sluggish revenue for over an year and then refusing to accept Microsoft's offer to be acquired honorably.
Google's results also removed speculation started off by ComScore some months ago that paid-clicks were slowing down. Revenue from Internationals is for the first time greater than that from US. International Revenue is $2.69 billion representing 51% of Google revenue though part of this is attributed to a weaker dollar.
Microsoft should be itching now more than ever to buy off Yahoo!
» Y! has a modest Q1, Microsoft says no change in Price from TheBizofCoding
Yahoo! posted a modest Q1 2008 (PDF) with Revenue of $ 1.86 9% higher than $ 1.67 same time last year. Profits were higher though not directly from Yahoo! operations. For Q1 2008 Yahoo!'s profits were $542 million compared to $142 last... [Read More]
Tracked on: April 24, 2008 2:02 PM | Permalink to Trackback