Google Q1

More to come but just out: The after hours markets likey. Google Announces First Quarter 2006 Results MOUNTAIN VIEW, Calif. – April 20, 2006 – Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter ended March 31, 2006. "Google had an exceptional quarter with strong growth and…

Googq106

More to come but just out:

The after hours markets likey.

Google Announces First Quarter 2006 Results

MOUNTAIN VIEW, Calif. – April 20, 2006 – Google Inc. (NASDAQ: GOOG)

today announced financial results for the quarter ended March 31, 2006.

“Google had an exceptional quarter with strong growth and

profitability, from both Google properties and the network,” said

Eric Schmidt, CEO of Google. “We are driving this growth through

investments in our infrastructure and our people, product innovations

that attract new users, and relationships with advertisers and partners

around the world. The strength of our business model gives us the

opportunity to invest in our business, allowing us to maintain and grow

our market leadership.”

Q1 Financial Summary

Google reported revenues of $2.25 billion for the quarter ended March

31, 2006, an increase of 79% compared to the first quarter of 2005 and

an increase of 17% compared to the fourth quarter of 2005. Google

reports its revenues, consistent with GAAP, on a gross basis without

deducting traffic acquisition costs, or TAC. In the first quarter of

2006, TAC totaled $723 million, or 32% of advertising revenues.

Author: John Battelle

A founder of NewCo (current CEO), sovrn (Chair), Federated Media, Web 2 Summit, The Industry Standard, Wired. Author, investor, board member (Acxiom, Sovrn, NewCo), bike rider, yoga practitioner.

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