Google has released its second quarter 2010 earnings report. The centerpiece news is that revenue grew by 24% year-over-year to $6.82 billion — an impressive feat for the search giant. However, there was barely any growth from Q1 2010, when the company reported $6.77 billion in revenue.
- Google-owned sites generated $4.5 billion in revenue, while AdSense and non-Google websites brought in $2.06 billion for the company — both grew by 23% from last year. International income sources represented 52% of total revenue.
- While paid clicks increased by 15% from Q2 2009, they actually decreased by 3% from Q1 2010.
- 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.
- Google now has $30.1 billion in cash on hand, compared to $26.5 billion three months ago. This is despite rather large acquisitions,
Google is currently having its Q2 earnings conference call. We’ll let you know if anything else comes up.
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