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Google outperforming Yahoo, eBay and Amazon
Google is the undisputed king of the Internet Advertising world, a point that is likely to be underlined when it releases its results on Thursday.While rival Yahoo is understood to be struggling, Wall Street commentators believe that Google could reveal revenues of $2.68 billion and profits of $3.59 per share, the New York Times reports.
This would be following last quarter's record results, since which the company's share price has risen from $470 to more than $550.
A Cantor Fitzgerald analyst, Derek Brown, pointed out that around one third of the world's online advertising goes through Google's platform, and that year-on-year net revenue has grown by 65 per cent or more for 21 quarters in a row.
It is also growing seven times faster than Yahoo and more than twice as fast as eBay and Amazon, despite the fact that these latter two firms are performing well too.
"Google is continuing to increase its search share and we don't see any end in sight," Sanford C Bernstein analyst Jeffrey Lindsay told Bloomberg.
Meanwhile, Yahoo is expected to report net revenue of $1.24 billion and profits of 11 cents per share, which is flat compared to the same quarter last year. Its display advertising has not performed as well as expected.
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Google News posted on 17 July 2007
