Google has smashed analysts’ expectations, with Q1 revenues of $5.19bn (£2.6bn), writes Brand Republic. The figures represent a year-on-year rise of 42% and an increase of 7% from the last quarter of 2007. Earnings rose 31% to reach $1.31bn (£656m). Google-owned sites generated $3.40bn (£1.71bn – up 49% from 2007), with international sales up 47% to $2.65bn (£1.34bn). UK revenues reached £402m.
Google also had other things to be happy about during the month:
- According to new figures from ComScore the internet giant’s share of the US search market grew from 59.2% to 59.8% during March (representing 6.44bn searches).
- Millward Brown’s annual BrandZ research again put Google top of the list of the world’s most powerful brands, estimating its value at $86m (£43bn). The top five brands remained static from 2007: Google, General Electric, Microsoft, Coca-Cola and China Mobile.
- A new study from Net Behaviour identified Google as the most popular website in Ireland with 78% of all Irish internet users visiting the site every month. Yahoo! came in second place (with 49%), followed by Air Lingus (with 48%).