Blog Post

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

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.