Google today announced its earnings for the first quarter of the year, including revenues of $10.65 billion for the quarter.
That sum is up a tidy 24 percent from Q1 revenues last year, which came in at $8.58 billion. These numbers are also slightly higher than the $10.58 billion in revenue posted during the final quarter of 2011.
In its quarterly call, Google revealed the company would be splitting its stock for the first time in its history. This highly anticipated move has been debated by outside analysts every so often over the past five years, especially as Google’s price per share has crept toward and over $700.
For Q1 2012, Google-owned sites generated revenues of $7.31 billion, or 69 percent (stop snickering, you in the back) of total revenue. Around 27 percent of revenue came from Google’s partner sites, accounting for $2.91 billion of revenue totals.
Interestingly, the majority of Google’s revenue came from outside the United States. International revenues totaled $5.77 billion, representing 54 percent of total revenue.
Paid click revenues were up by 39 percent, while cost-per-click revenues were down 12 percent in Q1.
Operating costs for the company were slightly higher year-over-year ($3.47 billion compared to $3.34 billion), but they made up a smaller percentage of revenues (33 percent in Q1 2012 compared to 39 percent in Q1 2011).
Google’s GAAP net income in the first quarter of 2012 was $2.89 billion, compared to $1.80 billion in the first quarter of 2011.
The company now employees 33,077 full-time staff members as of March 31, 2012, an increase from 32,467 full-time employees at the end of 2011.
Currently, GOOG is trading at $651.01, up 2.37 percent from its start today at $641.60.
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn more about membership.