Google announces third quarter earnings, Google+ user count

By on October 14, 2011, 3:00 PM

Google announced today that they earned nearly $10 billion in revenue in the third quarter of this year, resulting in a 33 percent year on year increase for the search giant. CEO Larry Page also said that Google+ has surpassed the 40 million user mark.

Google reported revenues of $9.72 billion for the quarter ending September 30, 2011. This figure doesn’t represent traffic acquisition costs which totaled $2.21 billion. GAAP operating income was calculated at $3.06 billion, or 31 percent of overall revenue. In comparison, the company spent $2.55 billion in the same quarter last year.

More specifically, Google-owned websites represented 69 percent of total revenue, or $6.74 billion. Partner sites generated ad revenue through AdSense programs of $2.60 billion, or 27 percent of revenue. Interesting enough, 55 percent of total revenue came from outside of the United States.

A few weeks ago, co-founder and self-proclaimed Google+ unofficial statistician Paul Allen (no relation to the Microsoft co-founder by the same name) estimated that Google+ was slowly approaching 50 million users. At the time, his calculations determined the site had 43.3 million users. Depending on when Google gathered the 40 million user figure, Allen’s estimates could be spot-on.

It’s still too early to tell if Google+ will be a serious competitor to Facebook, the most popular social networking site in the world. At Facebook’s f8 conference last month, the company announced they had over 800 million users worldwide. Facebook CEO Mark Zuckerberg used the conference to introduce a wealth of new features to the social site including Timeline and Open Graphs.

User Comments: 9

Got something to say? Post a comment
Guest said:

Google + probably won't be a big competitor if they keep their age limit so hgh.

Guest said:

It is so hard to write +10 years... lol.

Anyway, Google+ for mature, Facebook for ******.

Guest said:

Google earn money by publicity, right?, if that is so I don't get why, in eight years I have only once hit one of their advertsiment links.

marinkvasina marinkvasina said:

Facebook sucks, the new features are very bad

and any retarded kid that is not even 13 yrs old, registers and adds u -.-

Puiu Puiu said:

Guest said:

Google earn money by publicity, right?, if that is so I don't get why, in eight years I have only once hit one of their advertsiment links.

your fault i'm 100% sure.

from 1000 unique visitor i usually got 2% to click on an ad. after changing locations and format i got around 4-6% (i got around 1000 per month and made 100$ every 3 months). it's all in the content of the website and how the website works, looks, how it shows the ads and what kind of visitor you attract.

Guest said:

^ I think I never care for the adds, but it looks like something betwen 2 and 6 of every 100 care. I guess there is people for everything.

Guest said:

I have a google+ account but dont use it. Basically I just joined to see what it was about.

I like it but i dont have enough of my facebook friends on there. Hmm, on second thought, maybe thats a good thing..?

Guest said:

i will not be using any social networking site after 25 oct

battlefield 3 is coming................................

Guest said:

^ By social network do you mean social in general?

Load all comments...

Add New Comment

TechSpot Members
Login or sign up for free,
it takes about 30 seconds.
You may also...
Get complete access to the TechSpot community. Join thousands of technology enthusiasts that contribute and share knowledge in our forum. Get a private inbox, upload your own photo gallery and more.