Google Q2 2015 earnings: beats expectations at $17.73 billion in revenue, $3.93 billion net income
During their investor meeting, Google has officially revealed their Q2 earnings for 2015. Things are looking good, with Google beating analyst expectations at $17.73 billion in revenue — up 11% from the $15.9 billion the previous year — and $3.93 billion in net income. Shares immediately jumped after the news, with Chief Financial Officer Ruth Porat making her debut on the call noting:
“Our strong Q2 results reflect continued growth across the breadth of our products, most notably core search, where mobile stood out, as well as YouTube and programmatic advertising.”
More specifically, Google websites brought in the biggest chunk of revenue with $12.4 billion, a 14% increase over the previous year. Operating expenses accounted for 36% of revenue for Q2 at $6.319 billion. Also on the up, aggregate paid clicks in Q2 increased 18%, while cost-per-click rates fell 11% year-over-year. Those are the cold hard numbers.