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Google reported profits for the first quarter of 2007 of $1 billion, up 69 percent from the same period in 2006, reports The New York Times (via MarketingVox).
That profit number comes on revenue of $3.66 billion. That’s good news for investors since that translates to $3.18 a share, beating industry expectations. Despite ventures that have dominated much of Google’s press coverage, the company reiterated its focus on search and advertising, its two core businesses. Three out of every four employees are working in one of those two areas.
The higher profitability, Google’s Eric Schmidt says, is because they’re showing fewer - but higher quality - ads. The tuning of those ads to user search and other interests is a continuing emphasis for Google.
Forty-seven percent of that revenue came from international business, reports CNET. While almost all that revenue comes from paid search at this point the acquisition of DoubleClick means display ads will likely make up a significant share of revenue in the future.
Google has 40 percent of the search user market according to Nielsen/NetRating, far above Yahoo’s 12 percent and Microsoft’s nine percent. Hitwise pegs those share numbers at 64, 21 and nine percent respectively.
CBS Radio and Yahoo, two of the largest online radio providers, are combining their online radio stations, beginning early next year.
CBS Radio’s 150 stations and LaunchCast’s 150 online stations will be integrated into Yahoo’s music site, powered by CBS…
Cox Enterprises, Inc. announced today that the company is bringing together its three media units - Cox Newspapers, Cox Television and Cox Radio - under a new organization named Cox Media Group, Inc., effective January 2009. The subsidiary will be headquartered…
Target is one of the first brands to create an iPhone application. The Target “gift globe” allows iPhone users to shake their phones to launch a snow-fall effect.
When the snow clears, a gift idea from Target is revealed. Users…
ABC is set to launch a slew of new series in a midseason shuffle. Primetime: What Would You Do? returns Tuesday, Jan. 9, in the 10pm time slot. The show is a hidden camera experiment in which actors stage scenarios…
Only 28% of the audience of an average news program, website or magazine gets valuable information about products and services advertised there, making news venues less effective at conveying ad messages than all forms of media combined (see chart), according…
Effective immediately, any telemarketing call that delivers a prerecorded message must include a quick and easy way to opt-out of receiving future calls. The opt-out must work both for consumers who answer these calls in person and for those whose…
