Google Adwords - Google Earnings Show Search Business is Stronger Than Ever

Monday, October 24 2005 at 14:01

Google shares shot up about $30 today as Google released its earnings numbers from Q3 which blew away industry and Wall Street expectations. The earnings amounts even shocked one of the top Googlers. “We surprised ourselves this quarter,” Google CEO Eric Schmidt said during a Thursday interview. “Business was much stronger than I expected.”

Google revenues totaled a record $1.578 billion, representing a 96% increase over third quarter 2004 revenues of $806 million, and a 14% increase over second quarter 2005 revenues of $1.384 billion. The expansion of Google owned sites and properties along with Google AdSense, Google’s online advertising network, led to the increase.

Find out more about Google's Q3 earnings and how Google Adwords contributed at http://www.searchenginejournal.com/index.php?p=2356.