Google Posts Huge Profit

from Adotas by Editor

Google’s Q4 2006 numbers are in, and with revenue jumping 67% over the previous year, the billion-dollar business shows it has all the right moves.

By the end of December, Google reported $3.21 billion in revenue, a major increase over the $1.92 billion generated by the company in 2005. Google’s revenue has been on a steady rise, with the numbers growing 19% over the third quarter.

“Our impressive performance in the fourth quarter demonstrates the continuing strength of our business model across Google properties and those of our partners,” said CEO Eric Schmidt in a statement.

Revenue generated from Google-owned websites, which represent 62% of Google’s total revenue, grew 80% over 2005. Revenue generated through sites on Google’s AdSense publisher network grew 50%. And just under half of Google’s revenue came from international sources.

“Search is getting better and better as we continue to innovate around the globe,” added Schmidt in a conference call with investors.

Google’s increase comes as it gobbles up search market share from competitors Yahoo and Microsoft. According to comScore, Yahoo lost about 1% of the US search market, and Microsoft about 3%.