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Google UK Q3 results: modest slowdown - Venture Insights

Report Overview

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Google UK Q3 results: modest slowdown

PublisherEnders Analysis.
Publish Date October 13, 2010
Sector Digital Media, Fixed Line (Internet and Voice).
Company Google.

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In Q3, Google’s UK revenue increased 14% YoY to £520 million in line with our expectations of slowing growth in H2 our forecast for 2010 remains at £2,075 million (all figures excluding estimated hedging gains).

In its earnings call, the company shared global display and mobile revenue numbers on an annualised basis these now represent $2.5 billion and $1 billion respectively (with some overlap) much higher than previous estimates.

We have adjusted our 2010 forecast for UK internet advertising to account for higher than expected classified growth and previously unreported spend to £3,900 million.