In its first quarterly report to Wall Street since its initial public offering, online search power Google announced that both revenue and profit increased by more than 100% in Q3 2004 over the same quarter last year.
Net income for the third quarter at Google reached $52 million, up from $20.4 million a year ago. Revenue increased to $805.9 million from $393.9 a year ago.
The Mountain View, CA-based company said that Google-owned sites generated $411.7 million, or about 51% of total quarterly revenue, representing an increase of 99% over revenue from the same segment in third-quarter 2003.
Meanwhile revenue received from Google partner sites through the AdSense affiliation program amounted to $384.3 million during the quarter, or about 48% of total company revenue for the period. That constitutes an increase of 120% over the amount Google accrued through the AdSense program during Q3 2003.
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