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Google’s profit almost doubled in a year.

The profits of the search giant Google in the III quarter. 2006 was $ 733 million, which is 92% more than the same period last year. With the increase in advertising turnover, the company's revenue rose to $ 2.7 billion, an increase compared to Q3. 2005 to 70%. Overall, Google’s financial results were better than analysts had expected. This looks particularly impressive compared with negative results for the same period of time, the main competitor in the search market - Yahoo .

The results were announced after Google acquired YouTube video service. The deal amounted to $ 1.65 billion. Based on current profitability, Google can afford to make two such purchases a year.

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Source: https://habr.com/ru/post/1970/


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