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October 20, 2006

Google Talks About Q3 Financial Results

Google reported the earnings for the third quarter and managed to surprise some analysts.

"Google reported revenues of $2.69 billion for the quarter ended September 30, 2006, an increase of 70% compared to the third quarter of 2005 and an increase of 10% compared to the second quarter of 2006."

Eric Schmidt said that this growth is the results "of these five things: users, ads, the diversity of our business, the blizzard of new product launches, and the partnership strategy which is in full force."

Google will continue to focus on partnerships, as they proved to be very valuable for the company, on expanding their offering for other mediums (mobile, audio, video) and on integrating their existing products.

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