Google Profits and Revenue Soar

On 20 October, Google announced its financial results for the third quarter of 2005. The highlights were:

• Record revenues of $1.578 billion, up 96% compared to the third quarter of 2004, and up 14% compared to Q2 2005.
• Sites owned by Google generated 56% of total revenues, up 20% compared to Q2 2005.
  GAAP operating income was $529 million, or 33.5% of revenues.
• Adjusted EBITDA (income before interest, taxes, depreciation, amortization, SBC, and IPR&D) increased to $672 million, or 43% of revenues, up from $590 million in the second quarter of 2005.
• Worldwide staff numbers increased from 4,183 as of 30 June 2005 to 4,989 at the end of September.

Posted by Nancy Hackett at 9:08 AM GMT