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Google Announces Record Revenues For Third Quarter 2004

Up 105% year on year

     
11:00 pm on Oct 21, 2004 (gmt 0)

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[investor.google.com...]

Cash – At the end of the quarter, Google had a cash, cash equivalents and short-term investments balance of $1.86 billion.

Revenue generated on Google’s partner sites, through AdSense programs, contributed $384.3 million, or 48 percent of total revenue

Pretty sweet...

[investor.google.com...]

3:52 am on Oct 22, 2004 (gmt 0)

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Amazingly enough, Google and Ebay had IDENTICAL net revenue at $805.9 million.
10:11 am on Oct 22, 2004 (gmt 0)

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well done google. i want a slice of the pie. even if it is a crumb!
10:36 am on Oct 22, 2004 (gmt 0)

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But profit just 52 million. A drop in the ocean for the shareholders who just paid the equivalent of 30 billion for the stock.
10:47 am on Oct 22, 2004 (gmt 0)

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So, when they realized that they will do pretty well in Q3 early October they took care of the long lasting relationship with their publishers at the same time by increasing profit share just a tad, at least it feels that way with my increased EPC.

Although I think that would be a bullsh..t statement, sometimes you are bound to draw conclusions like that, I certainly would have...

And then again: who buys my shares anyway ;-)

10:56 am on Oct 22, 2004 (gmt 0)

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So from this I can figure out how important I am to Google.
Lets assume a 35% revenue share or an after costs revenue share of 50%

I represent a staggering 0.002% of Gs revenue.

I think it about time I gave Larry a call :)

11:38 am on Oct 22, 2004 (gmt 0)

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Without the exceptional expenses the profit would have been #200 million, so thats looks promising for the future.
12:15 pm on Oct 22, 2004 (gmt 0)

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right now Goog - bid 169$ so its up 10% in pre trading

Ok now bid 171,30 up 14%

12:45 pm on Oct 22, 2004 (gmt 0)

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174,69 :)

Edit: 175,69

2:09 pm on Oct 22, 2004 (gmt 0)

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if any of you can see the live trades, have a look, it's mind boggling.

about 30K trades have went through in an hour, about a billion dollars worth of shares traded. And they started out in a garage? :)

2:11 pm on Oct 22, 2004 (gmt 0)

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Record Revenue with NO CASINO ADVERTISING!
Click fraud must have gone up a few notches!
2:29 pm on Oct 22, 2004 (gmt 0)

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Remember the 2000 bubble?

Well.....

2:30 pm on Oct 22, 2004 (gmt 0)

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if any of you can see the live trades, have a look, it's mind boggling.

Ain't that the truth. Over 10 million shares traded in less than an hour. This will probably be a record day.

I like to watch to see what the market is doing when big lots are going through versus when they aren't. It gives you a good idea of what the funds are doing versus what the masses are doing. Currently, GOOG is going up with the big lots and drifting down without them. That tells me that the funds are still buying and the masses are profit taking. The profit taking will end soon and the pressure from both the funds and the masses will be upward once again.

2:35 pm on Oct 22, 2004 (gmt 0)

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I look at it live and I do think we can see 200 within a 6 month range, today I think it will end at a plus 8%
3:43 pm on Oct 22, 2004 (gmt 0)

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I'm amazed how much of it AdSense has generated and it still has no real competition.
3:45 pm on Oct 22, 2004 (gmt 0)

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And the fun thing is G has more profit/cash than Yahoo..
3:47 pm on Oct 22, 2004 (gmt 0)

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Who else can pay webmasters what Adsense does? First mover advantage.
4:02 pm on Oct 22, 2004 (gmt 0)

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It's funny that they can do this but still Wall Street is dissapointed.
Google misses earnings expectations [infoworld.com]
4:44 pm on Oct 22, 2004 (gmt 0)

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Over 10 million shares traded in less than an hour. This will probably be a record day.

Over 22 million shares traded now, breaking the opening day record. And the day's only half over.

GOOG is now at $179, up $30 for the day. Two analysts raised their estimates to $200 this morning and one to $190.

If this keeps up, even I am going to think it's too high. ;)

UPDATE: I'm out at $179.99. I'll probably regret this (then again, what's to regret about a 75% profit in 2 months?), but at least I'll be able to get back to work and quit watching the Level II quotes. ;)

[edited by: MovingOnUp at 4:54 pm (utc) on Oct. 22, 2004]

4:49 pm on Oct 22, 2004 (gmt 0)

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>even I am going to think it's too high

soon, GOOG is going to beat YHOO on Market Cap? That would be real cool. ;)

5:22 pm on Oct 22, 2004 (gmt 0)

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This is the most hype I've seen in years on $52 million in profit.
8:39 am on Oct 24, 2004 (gmt 0)

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We can bump this in 2 years when it is down to $15.
12:13 pm on Oct 24, 2004 (gmt 0)

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$15 is about as likely as $1500. Neither is going to happen. Analysts are projecting a $3.36 EPS next year. At $15, that would be a P/E of under 5.

Personally, I'm projecting a price anywhere from $100 to $300 over the next year or two. That's the main reason I sold Friday--even at the top end of that range, I can find better returns than that elsewhere. The other reason I sold is that this spike was driven largely by momentum day-traders. They drove it up. They'll drive it down. I think it'll be a while before GOOG goes past $180 again. I think it's just too much of a gain to hang on to. I could be wrong, though. It might have the strength to continue rising in the short term.

12:54 pm on Oct 24, 2004 (gmt 0)

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shameless promotion -> bprg, newly listed on the nasdaq

I never knew that pill capsules were coated in gelatin, soon they won't be.

Just to be remotely on topic, I don't see what google's advantage is nowadays in search?

i know if i wanted to see how much "news coverage" a company got, Yahoo is quicker to index news and has more depth.

8:04 pm on Oct 24, 2004 (gmt 0)

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I think everyone is sitting there thinking "well the price looks rediculous but I guess the other investors are smarter than me, and they know something I don't".

That's what I was thinking in 1999. Now I know better.

$15 is about as likely as $1500. Neither is going to happen. Analysts are projecting a $3.36 EPS next year. At $15, that would be a P/E of under 5.

What is so rediculous about that? If Google is peaking now then a forward PE of 5 is not unbelievable. Why do you think they are doing an IPO? They don't need the money, so it must be because they are cashing in at the peak.

11:33 pm on Oct 24, 2004 (gmt 0)

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If you think a P/E of 5 is reasonable, and that GOOG will go to $15 within the next couple years, you should act on it. You can buy "OUPMK.X [finance.yahoo.com]" options for $3.50. If GOOG goes to $15, these options will be worth $40, which would give you over a 1000% profit. If GOOG doesn't go below $55, they'll expire worthless. Obviously the market disagrees with you.

You said it best earlier: "There are just a lot of idiots who don't understand how the stock market works."

8:28 am on Oct 25, 2004 (gmt 0)

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Thanks for the tip. I didn't mention earlier I bought puts before in the last bubble. In the end I was right but the expiration date was wrong and I lost all my money.

To me Google looks rediculously over valued but nobody can say when the market will come to its senses. If the price goes to 250$ I may be tempted to buy those puts though :)

8:31 pm on Oct 25, 2004 (gmt 0)

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GOOG (@ $187+) overtakes YHOO in Market cap and is paper-worth of $50B+.

CBS [cbs.marketwatch.com]

8:55 pm on Oct 25, 2004 (gmt 0)

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What are people smoking? Is there any possible way there is that much upside ahead for Google?
1:54 pm on Oct 26, 2004 (gmt 0)

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Well, I'm one of those *smokers* who bought into it. I just believe these guys know what they're doing and when you combine genius with vision - amazing things can happen. I'm in it for the long haul, I think things are just heating up;) Of course I could be totally wrong and lose it all..
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