3 lessons from Google's Q3 results

The markets didn't like Google's results, but what do the numbers say about its changing business?

by Adam Gale

With the way the markets have been performing recently, the last thing anyone needed was unexpectedly lacklustre results from one of America’s big boys. But that’s exactly how investors interpreted Google’s third quarter earnings statement yesterday, sending its value down 3% to $518.25 (£322) after the end of trading.

Was it all bad news, though? And what does it mean for the search giant?

Google’s still growing

The tech firm’s revenues rose 20% to $16.52bn in the quarter to September 30th, compared with the same period last year. It also made a neat little profit of $2.8bn, down 5% from last year. At the same time, the company’s costs were unexpectedly high. Operating and capital expenses rose 33% and 18% respectively to $6.1bn and $5.99bn, which can’t have helped the bottom line.

Sign in to continue

Sign in

Trouble signing in?

Reset password: Click here

Email: mtsupport@haymarket.com

Call: 020 8267 8121



  • Up to 3 free articles every 90 days
  • Free email bulletins

Register Now

Take a free trial

Get 30 days unrestricted access to:

  • All the latest news, trends, and developments.
  • Exclusive interviews with CEOs and thought-leaders
  • MT Classroom - giving you an academic grounding without expensive courses
  • Management Matters and other in-depth content.
  • Daily bulletins straight to your inbox

Take a free trial today