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, most notably AdMob
Google is currently having its Q2 earnings conference call. We’ll let you know if anything else comes up.
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