Internet Ad Revenues Jump 40 Percent
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Internet advertising revenues jumped 40 percent in the first half of this year, driven largely by the growing popularity of keyword ads tied to search results.
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U.S. Internet advertising surged 38  percent to a record &#36;3.9 billion in the first quarter as  marketers moved additional dollars to the Web, according to  data released on Tuesday.
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The Internet will receive a greater  share of global advertising spending this year than do outdoor  outlets such as billboards, and it is set to overtake radio  soon, according to new data released on Monday.
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The online retailer announced Tuesday that its second-quarter net income increased more than threefold, with revenue up 35 percent.
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The online giant smartens up its display ads.
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The search giantâs surging third quarter profits showed that it was growing at twice the speed of the online advertising market, which itself is booming.
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Google continues to grow revenue at a healthy clip, reporting an increase of almost 60 percent in the third quarter compared to the same period last year.Third-quarter revenue for the search giant reached $4.23 billion, up 57 percent over the same quarter last year.Net income for the quarter that ended Sept. 30 was $1.07 billion using generally accepted accounting principles (GAAP), compared to $733 million in the same quarter last year. On a non-GAAP basis, net income reached $1.24 billion in the third quarterEarnings per share on a non-GAAP basis were $3.91, beating analysts consensus as polled by First Call, which was $3.78.Google&#39;s core search advertising business, as well as expansion of services into international markets, drove growth, Google said. Revenue from outside of the United States was $2.03 billion, representing 48 percent of revenue in the quarter. That compares with 44 percent of revenue coming from international markets in the same quarter last year.
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Web search leader Google Inc.  GOOG.O on Tuesday posted a higher quarterly profit as the  holidays boosted already strong Web search advertising.
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MIAMIâCarnival Corp.&#39;s fiscal third-quarter profit increased 40 per cent as higher ticket prices spurred strong revenue growth.
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Online auction king eBay (Quote, Chart) reported a better than 50 percent rise in quarterly revenue from last year and profits that jumped by about 77 percent compared to last year, thanks in part to its PayPal unit and growth overseas.
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Yahoo Inc. reported on Tuesday that its profits nearly quadrupled in the third quarter based on continued strength in online advertising and the sale of part of the Web portal&#39;s stake in rival Google.
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A big jump in new subscribers boosts results.
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(InfoWorld) - Google's revenue continued to climb in the second quarter with the company reporting revenue of $3.87 billion, up 58 percent compared to the same quarter last year. Net income for the quarter, which ended June 30, was $925 million, down just slightly from $1 billion in the first quarter. On a non-GAAP (generally accepted accounting principles) basis, net income for the quarter was $1.12 billion, compared to $1.16 billion in the first quarter. Google-owned sites generated revenue of $2.49 billion, or 64 percent of revenue for the quarter, an improvement of 74 percent over the same quarter last year. Revenue outside of the U.S. was $1.84 billion, or 48 percent of total revenue for the quarter. That's up from 42 percent in the second quarter 2006. Google was pleased with its international expansion. "We continue to make significant international investments and we're seeing the benefits of this strategy," said George Reyes, CFO, during a conference call to discuss the earnings. Europe drove international growth for the search giant, with Spain, Italy, and France leading the charge and Germany and the U.K. also serving as significant revenue drivers, he said. The company continues to hire new workers in its international sites and expand product support in international markets. Paid clicks grew by 47 percent compared to the second quarter of 2006. That includes clicks related to ads served on Google sites as well as the sites of AdSense customers. Earnings per share was a bit lower than expected by analysts. Non-GAAP earnings per share for the second quarter was $3.56, down from $3.68 in the first quarter and a few cents shy of the $3.59 expected by financial analysts polled by Thomson Financial. Google's rift with eBay Inc. during the quarter didn't have a negative affect on earnings, executives said. In June, eBay pulled all of its ads from Google's AdSense network. The auction giant later returned to AdSense but at a significantly lower level. Even though eBay has been the largest advertiser on AdSense, there was no impact on Google from the change, said Eric Schmidt, chairman and CEO of Google. "EBay is a long term partner for Google and while it's true they adjusted their mix in our ad model, they continue to be a significant advertiser," he said. "We did not see an impact on Google from the changes they talk about that they made." During the call with financial analysts, Schmidt touched on Google's interest in upcoming wireless spectrum auctions. Google wants to see consumers buy any mobile device and be able to connect to a wireless network and use the full capability of the Internet, he said. That's because he wants those users to become Google advertising customers. "There's a direct connection between the open interoperable network we're arguing for in the FCC filing and so forth and the usage of Google services," he said. Google filed a document with the Federal Communications Commission urging the agency to make changes to the rules for an upcoming spectrum auction in order to ensure that the resulting networks are open. Google's earnings report comes against the backdrop of hints of a challenge to the company'sÂ proposed acquisition of DoubleClick. A U.S. House of Representatives subcommittee hasÂ opened an investigation into the proposed $1 billion acquisition. The executives did not discuss the proposed merger, but Schmidt did touch on legal woes for the company. The two most significant lawsuits Google faces at the moment include those related to its book search project and the suit filed by Viacom related to YouTube, the online video site that Google owns. Schmidt called the suits very important and said he wished they could be solved by technology or otherwise. He also cautioned that governments around the world could potentially find some of Google's activities inappropriate and that could become the source of future legal troubles. For now, however, there are no such threats, he said. This story was updated on July 19, 2007 Â
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UK internet sales rose by 50% in the run up to Christmas, compared with a year earlier, a survey says.
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Google Inc.&#39;s shares surged to more than twice its initial public offering price after third-quarter profit and sales more the doubled and the company said the market for Web advertising shows no signs of slowing.
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Google Inc., the world&#39;s most-used Internet search engine, said net income more than doubled to $52 million after sales of Web advertising rose.
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Australian media empire Publishing &amp; Broadcasting Ltd. reported Thursday a 75 percent jump in earnings for the fiscal year ending June 30, thanks to a strong economy and a rebound in advertising revenue.