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Google Announces $9.72 Billion Revenue in Q3 2011 – Google+: Has Over 40 Million Users

Google has delivered a strong third quarter with $9.72 billion in revenue, a 33 percent increase over the $7.29 billion reported in Q3 2010. GAAP Net income was $2.73 billion, as compared to $2.17 billion in Q3 2010. Earnings per share (EPS) of $8.33, which was below some analyst expectations.

Google EarningsBreakdown of Q3 numbers:

Google Sites Revenues

Google-owned sites generated revenues of $6.74 billion (69 percent of total revenues), a 39 percent increase over Q3 2010 revenues of $4.83 billion.

Google Network Revenues

Google’s partner sites generated revenues, through AdSense programs, of $2.6 billion (27 percent of total revenues), an 18 percent increase from Q3 2010 network revenues of $2.2 billion.

International Revenues

Revenues from outside of the United States totaled $5.3 billion, (55 percent of total revenues) compared to 54 percent in Q2 and 52 percent in Q3 2010.

U.K. revenues totaled $1.05 billion (11 percent of revenues), compared to 12 percent in Q3 2010.

Paid Clicks

Aggregate paid clicks, which includes clicks related to ads served on Google sites and the sites of Google’s AdSense partners, increased about 28 percent over Q3 2010 and 13 percent over Q2 2011.


Average cost-per-click, which includes clicks related to ads served on Google sites and the sites of Google AdSense partners, increased about 5 percent over Q3 2010 and decreased about 5 percent over Q2 2011.


As of September 30, cash, cash equivalents, and marketable securities were $42.6 billion.


Worldwide, Google employed 31,353 full-time employees as of September 30, up from 28,768 full-time employees as of June 30.

CEO Larry Page, during the earnings announcement said that Google’s social network, Google+, now has 40 million members. Page said in the earnings release:

“We had a great quarter,” said Larry Page, CEO of Google. “Revenue was up 33% year on year and our quarterly revenue was just short of $10 billion. Google+ is now open to everyone and we just passed the 40 million user mark. People are flocking into Google+ at an incredible rate and we are just getting started!”

Last month, Facebook announced 800 million users last month during its F8 conference, and Twitter announced 100 “active” users last month.

  • 3.4 billion photos have been uploaded to Google+
  • 200 million Google Chrome users
  • 190 million Android devices activated globally so far
  • Mobile revenue run rate has grown 2.5x to $2.5 billion

Here are some graphs:

Google Q3 2011 Revenue Graph

Google Q3 2011: International vs. U.S. Revenue Graph

Google Q3 2011: Traffic Acquisition Cost Graph

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