Google Announces Third Quarter 2010 Financial Results | Hacker News Reader

Google Announces Third Quarter 2010 Financial Results

investor.google.com

33 pointsbtilly18 comments

I'm rooting for all the big technology companies to do really well: Amazon, Yahoo, Google, Microsoft, Ebay, Apple. Higher market caps means more flexibility in acquisitions, and these are the companies which aren't afraid to take risks.

Was this much different from expectations? We don't usually see quarterly results on HN, but if these results are a big surprise, they would certainly be newsworthy. I guess I'm missing the context here.

The answer to your question is yes:

After Hours: 591.50 +50.57 (9.35%) Oct 14, 4:49PM EDT

It was a lot better than expectations. The stock is moving up substantially on this news.

Also Google is a pretty good indicator of what is happening with the Internet as a whole. If Google's gross revenue jumps 23%, that bodes well for many smaller companies.

Edit Removed wildly incorrect estimate of the size of the jump. I clearly didn't sanity check the miscalculation I did...

> It was a lot better than expectations. The stock looks like it will jump about 30% or so on this n

What makes you think the stock will jump 30%? Why not 20% or 40%?

Is there some sort of technical analysis behind this, or is this a hunch?

That was a serious miscalculation on my part off of a couple of numbers I saw in a news article. :-(

It's up 6% in after hours trading:

http://finance.yahoo.com/news/Google-beats-Wall-Street-rb-11...

Since a lot of startups rely on Ad revenue, a big surprise in earnings means Google is selling a lot more ad space.

This means that advertisers are spending much more in the online ad markets, which means much more revenue for Web properties in general.

Speaking from my own experience, I've seen a very positive upswing in our own ad revenue from Google.

Interesting stuff in there via http://www.businessinsider.com/display-advertising-is-a-25-b...

"Mobile is on a run rate of more than $1 billion. That is, people accessing Google services through mobile devices--not just Android--are adding $1 billion per year to Google's revenue."

"YouTube is monetizing over 2 billion views per week. That's an increase of 50% year over year."

They would be welcomed at any point to increase the share of revenue given to the publishers.

To see that we will need some healthy competition in the ad and search space. I actually hope Bing does well just for serving this purpose. Google's search page was nearly the same for 5 years, Bing comes out and adds a few more dynamic ways to search and Google had to re-vamp their entire home page over the course of 2 years. It is ironic to be in a situation where Microsoft's relentless and battle-hardened strategy of copy-cat is the most powerful thing keeping Google from doing evil.

It's going to be interesting when Google's market cap passes Microsoft's. Could happen in 2011. Microsoft still gets incredible revenue from Windows and Office but these aren't growth markets because they already dominate. Microsoft has almost become IBM.

They would love to be IBM. IBM totally reinvented itself, and surged past its old roots... very Apple-esque resurgence.

Look at the chart over IBM's existence: http://www.google.com/finance?q=IBM

It said google made money from android. How do they make money from android?

Every time a user types a web search on an Android phone, they see Google ads and may click on them. I would guess that's the only way they make money from Android, but they probably make a ton that way.

That happens on iPhones too though.

Google pays Apple a fortune for that privilege. I remember hearing the deal was around $300,000,000 / year (but I could be wrong). With Android, Google makes total profit.

What about the Android phones [1] that use Bing, instead of Google? I'm quite confused as to what the Google Mobile Strategy is right now. I wonder if they pay any less to be the default search option on a Android Phone than they do on an iPhone.

[1] http://daringfireball.net/linked/2010/09/07/buchanan-bing

Reply on news.ycombinator.com