Blog Post

Google Hauled £387 Million From UK In Q2, Down 3.6 Percent

Stay on Top of Enterprise Technology Trends

Get updates impacting your industry from our GigaOm Research Community
Join the Community!

Google (NSDQ: GOOG) made $774 million (£387.83 million) in the UK in the three months to June 30, its quarterly earnings show. That’s down from $803 million (£402 million) the previous quarter. The figure represents 14 percent of the company’s total revenue – down from 15 percent. And yes, this is now farther behind the £409 million ITV (LSE: ITV) got in its Q1 (Q2 still to come) – so, whilst, these graph lines (Google’s were generally going up, totemic ITV’s going down) are surely set to symbolically converge, the tipping point may evade us for a while yet.

Google’s international revenue is now bigger than that at home in the US, representing 52 percent at $2.80 billion, and that proportion is growing. It benefited from foreign exchange fluctuations that added $88 million to income in the period. But, as Joseph reports on paidContent.org, this wasn’t a stellar quarter for Google, with profits down five percent on a quarterly basis and its stock price dipping as a result.