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Google (GOOG) Tops Q2 EPS by 28c; Ad Revs Rose 11%

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July 16, 2015 4:02 PM EDT

Google (NASDAQ: GOOG) reported Q2 EPS of $6.99, $0.28 better than the analyst estimate of $6.71. Revenue for the quarter came in at $17.7 billion versus the consensus estimate of $17.75 billion.

“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”, said Ruth Porat, CFO of Google. “We are focused every day on developing big new opportunities across a wide range of businesses. We will do so with great care regarding resource allocation.”

Revenues and Monetization
Revenues by source (in millions; unaudited):
Three Months Ended June 30, 2015
Change from Q2 2014 to Q2 2015 (YoY)
Change from Q1 2015 to Q2 2015 (QoQ)
Google websites
$
12,402
13
%
4
%
Google Network Members' websites
3,621
2
%
1
%
Total advertising revenues*
16,023
11
%
3
%
Other revenues
1,704
17
%
(3
)%
Revenues
$
17,727
11
%
3
%
*Advertising revenues are generally reported on a gross basis, consistent with GAAP, without deducting TAC.
Had foreign exchange rates remained constant from the second quarter of 2014 through the second quarter of 2015, our revenues in the second quarter of 2015 would have been $1,103 million higher with a constant currency growth rate of 18% year over year. This includes a foreign exchange rate impact of $1,574 million, offset by hedging gains of $471 million related to our foreign exchange risk management program. Our constant currency revenues are presented in the financial tables following this release as well as in the accompanying materials on the Investor Relations website.
Paid clicks and cost-per-click information (unaudited):
Change from Q2 2014 to Q2 2015 (YoY)
Change from Q1 2015 to Q2 2015 (QoQ)
Aggregate paid clicks
18
%
7
%
Paid clicks on Google websites
30
%
10
%
Paid clicks on Google Network Members' websites
(9
)%
(2
)%
Aggregate cost-per-click
(11
)%
(4
)%
Cost-per-click on Google websites
(16
)%
(5
)%
Cost-per-click on Google Network Members' websites
(3
)%
(3
)%

For earnings history and earnings-related data on Google (GOOG) click here.


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