Google's QIII sales soared 46%

The global online advertising market has just emerged a huge wave that riders on it are none other than Google 'giants' to repel the delay that usually happens in the third quarter every year.

Yesterday (October 18), the Internet search giant led its third-quarter revenue this year to $ 1.07 billion - up more than 46% from the same period last year (733.4 million). USD).

The above revenue level, if converted into stock value, will be equivalent to the price of 3.38 USD / 1 share. Google claims that if it does not have to invest in the cost of manpower expansion, its stock value could climb to $ 3.91 per share.

Overall, Google's third-quarter total revenue reached $ 4.23 billion - an increase of 57% over the same period last year ($ 2.67 billion). After subtracting the amount paid to thousands of advertising partners, Google still has up to $ 3.01 billion - $ 70 million higher than analyst estimates.

The aforementioned turnover is a strong proof that the return of Google after a disappointing second quarter cannot achieve forecast revenue. " We are getting stronger and stronger ," said Eric Schmidt, Google's executive chairman. ' What makes me feel most satisfied is our business model .'

Third-quarter revenue contributed to an increase in Google's stock value by 19%, making the first price of the transaction surpassed $ 600 per share and bringing Google to Cisco Systems to become a valuable company. most in Silicon Valley. Yesterday closing price stood at 639.62 USD / share.

Google's main source of revenue comes primarily from online advertising. The field is growing stronger, especially as advertisers on traditional media such as television, radio and print media are gradually shifting to the Internet. The search engine is Google's 'golden egg chicken'.

Hoang Dung