Google Revenue Report: $10.65 Billion in Q1 2012 Revenue

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Google announced its earnings report for Q1 2012 in which the company raked in $10.65 billion in revenue for the quarter. This is up 24 percent from the $8.58 billion it reported in the first quarter of 2011. “Google had another great quarter with revenues up 24% year on year,” said Larry Page, CEO of Google. “We also saw tremendous momentum from the big bets we’ve made in products like Android, Chrome and YouTube. We are still at the very early stages of what technology can do to improve people’s lives and we have enormous opportunities ahead. It is a very exciting time to be at Google.”

On a GAAP basis, the company reported net income of $2.89 billion or $8.75 per share, versus $1.80 billion or $5.51 per share, in the year ago period. Google also announced that its Board of Directors had unanimously approved a stock dividend proposal. Under the plan, the company will effectively execute a 2 for 1 stock split by creating a “new class of non-voting capital stock,” which will be listed on the Nasdaq. The proposal is designed to allow the company to preserve the company’s long-term governance structure while simultaneously satisfying shareholder calls for a stock split.

Google Sites Revenues
Google-owned sites generated revenues of $7.31 billion, or 69% of total revenues, in the first quarter of 2012. This represents a 24% increase over first quarter 2011 revenues of $5.88 billion.

Google Network Revenues
Google’s partner sites generated revenues of $2.91 billion, or 27% of total revenues, in the first quarter of 2012. This represents a 20% increase from first quarter 2011 network revenues of $2.43 billion.
International Revenues
Revenues from outside of the United States totaled $5.77 billion, representing 54% of total revenues in the first quarter of 2012, compared to 53% in the fourth quarter of 2011 and 53% in the first quarter of 2011.

Revenues from the United Kingdom totaled $1.15 billion, representing 11% of revenues in the first quarter of 2012, compared to 11% in the first quarter of 2011.

Paid Clicks
Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of our Network members, increased approximately 39% over the first quarter of 2011 and increased approximately 7% over the fourth quarter of 2011.
Cost-Per-Click
Average cost-per-click, which includes clicks related to ads served on Google sites and the sites of our Network members, decreased approximately 12% over the first quarter of 2011 and decreased approximately 6% over the fourth quarter of 2011.
Cash
As of March 31, 2012, cash, cash equivalents, and short-term marketable securities were $49.3 billion.
Employees
Worldwide, Google employed 33,077 full-time employees as of March 31, 2012, up from 32,467 full-time employees as of December 31, 2011.

Source: Google

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