Tweet
3Q sales of $1.5B. What a money machine.
-
“It is no use trying to 'see through' first principles. If you see through everything, then everything is transparent. But a wholly transparent world is an invisible world. To 'see through' all things is the same as not to see.”
― C.S. Lewis, The Abolition of Man -
what does google sell?To us, it is the BEAST. -
T-shirts.Comment
-
Adspace.B♭3Comment
-
Ads“It is no use trying to 'see through' first principles. If you see through everything, then everything is transparent. But a wholly transparent world is an invisible world. To 'see through' all things is the same as not to see.”
― C.S. Lewis, The Abolition of ManComment
-
waste of money if you ask meTo us, it is the BEAST.Comment
-
Obviously advertisers disagree.
"The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "Comment
-
Another blowout quarter for the Google boys. They made about $400 million in cash money for their investors from July through September, over 7 times what they made during the same quarter a year ago! Revenue is growing at a 100% pace this year.
This is just stunning. They're making a lot of people very rich very quickly out of this little business started in a college dorm room. A true American success story.
...and...
Google sales and profit jump
Results exceed Wall Street's consensus forecasts
By Bambi Francisco, MarketWatch
Last Update: 6:04 PM ET Oct. 20, 2005
SAN FRANCISCO (MarketWatch) -- Google Inc., the Internet's leading search engine, said third-quarter profit surged sevenfold and sales nearly doubled, exceeding Wall Street's expectations, as net revenue topped $1 billion for the first time.
Google shares rose more than 9% to a new record and topped $331 in evening trading after the results.
Google said late Thursday that net income rose more than sevenfold to $381 million, or a $1.32 a share. Excluding certain charges, Google earned $437 million, or $1.51 a share, topping analysts' forecasts of $1.37.
Google also said that sales grew 96% to $1.578 billion, of which 39% came from international markets. Excluding the commissions Google pays to its distribution partners, net revenue rose 110% to $1.05 billion, exceeding analysts' consensus estimate of $942 million, and even more aggressive estimates of $979 million.
Revenue from Google's own properties grew faster than advertising revenue from Google's partner sites, said Google finance chief, George Reyes, on the conference call following the release. Revenue from Google's own properties grew to $885 million in the quarter, up 20% from the previous quarter versus 7% sequential revenue growth from Google's distribution partners.
While sales soared, Google said sales and marketing as a percentage of revenue declined in the quarter to 6.7% from 7% in the prior quarter.
The company founded by former Stanford graduate students Larry Page and Sergey Brin has seen its business explode as more businesses pay to have their online ads displayed next to Google's search results.
In recent months Google has been using its cash hoard and the proceeds of a secondary stock sale to invest in new markets and take on rivals Yahoo and Microsoft.
Mountain View, Calif.-based Google does not offer an outlook for the upcoming quarters or the year, but analysts expect Google to earn $5.63 a share on sales of $3.79 billion for the year.
Google is currently estimated to earn $7.33 a share on sales of $5.46 billion in 2006. But by excluding the tax charge and benefit of stock-based compensation, Google is estimated to earn $7.14 a share in 2006.
Analysts are expected to revise those forecasts given Google's results and the information provided on the conference call late Thursday.
On that call, Google said it would raise capital expenditures by $100 million to $800 million for the full year 2005.
"Based on these results, estimates for 2006 will likely lead to an implied value that is slightly above the aggressive scenario we provided of $398 [a share]," wrote Anthony Noto, an analyst at Goldman Sachs.Last edited by DanS; October 20, 2005, 19:21.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
-
a fool and his money soon partOriginally posted by Asher
Obviously advertisers disagree.
it's not that I don't think advertising is useless... I think it has some uses. I just think that it is not worth the amount of money, especially internet advertising, that it costs.To us, it is the BEAST.Comment
-
I listened to the analyst's conference call and the last thing that the CEO said was that the space that they are in (ads) is a "very, very, very big space that could offer these kinds of results... I mean opportunities... for years to come." I could almost hear the cash registers ringing over at the Googleplex
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
-
Is God willing to prevent evil, but not able? Then he is not omnipotent. Is he able, but not willing? Then he is malevolent. Is he both able and willing? Then whence cometh evil? Is he neither able nor willing?
Then why call him God? - EpicurusComment
-
I smell a bubble.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
-
I don't, although I do believe Google is slightly overpriced. As Ming pointed out recently, the ad market is something like a trillion dollar industry (#$?) worldwide. It is rational to bet that Google will take a nice slice of that.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
-
Overall ad market, not just internet ad industry, of which search engines are yet another sub-component. Bringing up that trillion dollar figure is very misleading.
Anyway, it's the not the stock price that's getting me sceptical, it's the revenue growth. Did Google really manage to draw twice as many users in the space of a year? I'm wondering if Google isn't rather succeeding in getting customers to overpay due to all the hype surrounding it.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
-
It doesn't seem to be gaining market share at a spectacular rate.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
Comment