Google has posted its first ever quarterly drop in revenues, writes Netimperative. The firm saw revenues of $5.51bn (£3.7bn) during Q1 2009 – a 3% drop from the last three months of 2008. However year-on-year revenues were up 6% from the first quarter of 2008. Income for the period reached $1.42bn (£959m), from $1.31bn (£884m) […]
Google has posted its first ever quarterly drop in revenues, writes Netimperative. The firm saw revenues of $5.51bn (£3.7bn) during Q1 2009 – a 3% drop from the last three months of 2008. However year-on-year revenues were up 6% from the first quarter of 2008. Income for the period reached $1.42bn (£959m), from $1.31bn (£884m) the year before. Google-owned sites generated 67% of all revenues (equivalent to $3.7bn or £2.5bn) – up 9% from last year. Revenues from AdSense were down 3% on last year and accounted for 30% of total revenues ($1.64bn or £1.10bn).
In other news, Google has been named the world’s first $100bn-brand in the latest BrandZ survey. The firm’s brand value has been put at $100,039m (£67,384m) – a 16% year-on-year rise. Microsoft and Coca-Cola came second and third respectively. Despite the global economic crisis, the value of the top 100 brands grew 2% to $1.95tn (£1.31tn). 85 of this year’s top 100 brands were in the top 100 list last year.
From Netimperative: http://www.netimperative.com, 17/04/2009
Google: http://www.google.com
