Google results

By January 23, 2009Google

Earlier this week the Wall Street Journal reported on predictions that the search market would decline 8% year on year.  They also said that we would no for sure when Google reported its results yesterday.

Well, the news is that the picture is actually quite rosy, with Google beating the streets expectations and posting 18% year on year growth.  Given their dominant position in search I think it is safe to assume that there was at least some growth in the overall market.

VentureBeat reported on Google’s results here, and their report included this chart.


There were a couple of other interesting titbits.  Firstly, revenues in the UK declined, which I guess puts our position as Google’s favourite international market at some risk.  This chart is from PaidContent.

And secondly Google wrote down $1bn in goodwill, which as GigaOM points out makes them Good at Search, Bad at Investments.  Actually, to be fair, whilst I am still to be convinced that Google is good at investments a lot of companies are writing down goodwill on deals made when times were a little headier so this news is not terribly exceptional. 

  • Good point. Thanks Will.

    Nic Brisbourne
    Partner, DFJ Esprit
    Email: [email protected]
    Tel: 07990 567 993
    Blog: http://www.theequitykicker.com

  • The UK decline in USD revenues will be largely down to the exchange rate movements, rather than a decline in GBP revenues?

  • Microsoft buying Yahoo is all backwards. Yahoo should buy Microsoft. Yahoo is in the right market, with a new leader who will Disrupt things. Yahoo could take advantage of the cash flow, distribution and engineers at Microsoft to develop new products – whereas Microsoft has no real use for Yahoo! For Google to have any real competition, Yahoo needs to buy Microsoft. Read more at http://www.ThePhoenixPrinciple.com

  • Pingback: The recession is kinder to some than others | The Equity Kicker()

  • Pingback: Finance Geek » The recession is kinder to some than others()

  • All the news is on high street failure and how those are affected by the economy. You would expect the Big G to grow in a recession now that people are counting the pennies and comparing and searching for the best price on everything from clothes to gas.

  • Goes to show that people are using the internet and Google more to compare prices to get the best deals in times of recession

  • All the news is on high street failure and how those are affected by the economy. You would expect the Big G to grow in a recession now that people are counting the pennies and comparing and searching for the best price on everything from clothes to gas.

  • Goes to show that people are using the internet and Google more to compare prices to get the best deals in times of recession