AdWorld News

Google Powers Ahead in Q4 of 2009

Google saw its revenues increase 17% between October and December, as its advertising earnings rose strongly.

The US search engine giant reported revenues of $6.67bn during the quarter, up from $5.7bn a year earlier. Its net profit also shot up to $1.97bn.

"Given that the global economy is still in the early days of recovery, this was an extraordinary end to the year," said Google chief executive Eric Schmidt.

Google's net profit for 2009 as a whole rose 54% to $6.52bn.

The internet search engine has weathered the recession better than other advertising-dependent companies, and it was widely expected to be one of the first beneficiaries of an economic recovery.