-
Advertisement
Google
TechEnterprises

Google shares rise after surge in online advertising revenue

1-MIN READ1-MIN
Google posted good first-quarter profits thanks to a surge in advertising revenue. Photo: Reuters

Google said on Thursday that first-quarter profit edged higher from a year ago as the internet giant reported a healthy rise in advertising revenues.

Net profit rose four per cent from a year earlier to US$3.59 billion, while revenue surged 12 per cent to US$17.3 billion, led by gains from online advertising.

Like other global firms, Google saw its results hit by the strong dollar.

Advertisement

Chief financial officer Patrick Pichette said that on a constant-currency basis, revenue grew 17 per cent from a year ago.

“We continue to see great momentum in our mobile advertising business and opportunities with brand advertisers,” he said in the earnings statement.

Advertisement

Advertising made up the bulk of Google revenues, and receipts from its own sites and those of its partners rose more than 10 per cent from a year earlier.

Advertisement
Select Voice
Select Speed
1.00x