Peter Kafka

Recent Posts by Peter Kafka

Google Earnings Are Strong; Revenue Is Okay

First look at Google earnings: Net revenue of $11 billion and earnings of $11.58 per share.

The street was looking for $11.2 billion and $10.68. Shares are trading up, but just barely. (Correction: An earlier version of this story had shares pointing the other direction.)

The “real” Google numbers — Google’s ad business, net of Motorola — were $12.95 billion minus traffic acquisition costs of $2.96 billion, or $9.99 billion. Revenue was up 22 percent compared to a year ago; TAC was up 18 percent.

The earnings call starts at 4:30 pm ET, and Google is streaming it via YouTube (of course). You can follow along right here:


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work