Tech giant Google has just announced its Third Quarter 2010 Financial Results reporting revenues of $7.29 billion for the last quarter, up 23% from the third quarter of last year.
Operating expenses, other than cost of revenues, were $2.19 billion in the third quarter of 2010, or 30% of revenues, compared to $1.64 billion in the third quarter of 2009, or 28% of revenues.
Google’s own sites generated $4.83 billion of the revenue, while partner sites made an additional $2.2 billion through AdSense. Google’s total revenues were split nearly down the middle between domestic and international income; $3.52 billion came from within the United States, while $3.77 billion came from other countries. Of that $3.77 billion, $890 million alone came from the United Kingdom.
“Google had an excellent quarter,” said Eric Schmidt, CEO of Google. “Our core business grew very well, and our newer businesses — particularly display and mobile — continued to show significant momentum. Going forward, we remain committed to aggressive investment in both our people and our products as we pursue an innovation agenda.”
Google is now worth in total assets, $53.34 billion, or 31.7% more than its total assets in the third quarter of 2009.Filed Under: Technology News