Google Revealed its New Billion Dollar Business
CFO of Google, Patrick Pichette said:
Google had never disclosed these numbers before, but it’s something it probably won’t do in future, either.
Here are the details about the sky touching earnings of Google in Third Quarter, which Google’s SVP of Product Management Jonathan Rosenberg shared:
- Display Advertising: Company’s annualized run rate for display advertisement revenues is touching $2.5 billion. But much of Google’s display advertisement business comes from its $3.1 billion acquisition of DoubleClick.
- YouTube: World’s most popular video streaming website, YouTube revealed specific revenue numbers. YouTube is monetizing 2 Billion views per week, up 50% from last year. Now YouTube is approaching $1 billion revenue per year.
- Google Mobile Business: Google’s mobile business is touching $1 billion this year. This is really more about ad business and less for Android, because it is free for companies to use.
Now you can find out the source of Google’s earning is not only its search engines but the other powerful products of Google are also generating a big amount of revenue for it. Google needs these divisions to grow in order to expand its online empire.
After studying about the unbelievable earnings of Google, I am greatly shocked. How shocked are you? What do you think about the revenue generation of other Google products like adwords, Google Apps, etc? Do share your view with us
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