Earnings: Google Q407 Revs Up 51 Percent YOY But Only 14 Percent Over Last Quarter

Google (NSDQ: GOOG) turned in Q407 revenues of $4.83 billion, 51 percent higher than the previous year and 14 percent higher than the previous quarter. Net income was $1.21 billion ($3.79 per share), up 17 percent over $1.07 billion ($3.38 per share) in the same quarter last year. Google reports its revenues without deducting traffic acquisition costs, which totaled $1.44 billion; that gave the company a net income of $3.39 billion and earnings of $4.44 per share. Sounds impressive but Google failed to meet expectations, sending the stock down sharply in the first 30 minutes after-hour trading: down 8.5 percent — 48 points — to $512 per share.

Some of the highlights:

— Google’s owned sites accounted for 65 percent of the company’s revenues, bringing in $3.12 billion — up 58 percent year over year and 14 percent over last quarter.

— AdSense partners generated $1.64 billion, also a substantial increase — 37 percent — over the previous year but only 12 percent over Q306.

— Paid clicks are up approximately 30 percent year over year and about 9 percent over sequentially.

International: Non-US revenues accounted for 48 percent of total revenues, up from 44 percent last year and static from Q307. UK revenues totaled $692 million but are slipping a bit in terms of percentages — 14 percent of revenue this year compared 15 percent in Q406 and 16 percent in Q307.

Earnings release | Slides(pdf) | Webcast (4:30 p.m. EST) | Transcript

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