Google reported better than expected Q2 2015 earnings, sending stock prices up by around 12%. HIghlights of the report:
— Revenues of $17.7 billion and revenue growth of 11% year-over-year; (without fluctuations in currency, revenue growth would have been 18% year-over-year)
— Strong performance of core search business, particularly mobile, and growth of programmatic advertising on YouTube. Cost per click was down 11% year-over-year (versus 7% down last quarter) and paid clicks were up 18% year-over-year (versus 13% down last quarter).
— Google site revenues were $12.4 billion, up 13% year-over-year, while Google Network revenues were $3.6 billion, up 2% year-over-year.
— Total advertising revenues were $16 billion, up 11% year-over-year.
— Other revenues, which includes Google’s enterprise business as well as Google Play Store revenues, were $1.704 billion, up 17% year-over-year.
— Operating expenses were $6.31 billion, down from $6.5 billion last quarter, but up from $5.58 billion Q2 2014.
— EPS: $6.99 vs $6.73 expected.
For the complete report, click here.