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Google Profit Triples in Fourth Quarter

Jan 31, 2007  •  Post A Comment

Google tripled its profit in the fourth quarter, helped by an increase in Web-advertising sales.

The company’s net income rose to $1.03 billion on a 67 percent increase in revenue that put sales at $3.21 billion.

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

In the earnings conference call, Schmidt said that early returns from, the acquisition of YouTube look very positive, although no further details were forthcoming of the company’s proposed plan to offer its users a revenue share.

Average monthly Web traffic to Google in the fourth quarter grew 24 percent compared with a year ago to 108.3 million, according to Nielsen//NetRatings.

(Editor: Baumann)