Google has released its second quarter 2010 earnings report and, put simply, they’re positively raking in the greenbacks.
Year on year revenue revenue for Q2 2010 soared by 24% to $6.82 billion, although that was only a small nudge up from the previous quarter, when Google’s tills rattled to the tune of $6.77 billion in revenue.
Asses’ milk
“Google had a strong second quarter,” purred Eric Schmidt, CEO of Google, no doubt drinking the finest champagne in a gold plated bath filled with asses’ milk as beautiful ladies proffered bunches of grapes in his direction.
“Solid growth in our core business and very strong growth in our emerging businesses drove 24% revenue growth year over year,” he continued.
“We saw strength in every major product area, as more and more traditional brand advertisers embraced search advertising and as large advertisers increasingly ran integrated campaigns across search, display, and mobile. We feel confident about our future, and plan to continue to invest aggressively in our core areas of strategic focus.”
Loadsamoney
Other highlights from Google’s newest earnings report show that Google-owned sites generated $4.5 billion in revenue, while AdSense and non-Google websites brought in $2.06 billion for the company, with both growing by 23% from last year.
Income from international sources totted up to 52% of total revenue, and Google paid out $1.73 billion to its partners in Q2 2009, which accounts for about 74% of advertising revenue from AdSense and non-Google websites.
The coffers at Google are now filled to the tune of $30.1 billion in cash on hand, compared to $26.5 billion three months ago- and that’s after they paid out top dollar for several large acquisitions, including AdMob.
If you’re enjoying this feast o’figures, there’s loads more to be found in their fact-filed [Google report]
