Brand Republic: Google surprises industry with 31 per cent profit rise

Google has revealed a 20 per cent growth in users clicking through to paid-for ads and a 31 per cent rise in profits to $1.31bn (£655m) – surprising many industry watchers expecting less encouraging growth.

The internet giant reported a profit after tax of $1.31bn (£655m) in the three months to March, with paid clicks rising by approximately 20 per cent on the first quarter of 2007, and 4 per cent over the fourth quarter.

Similar posts:

• Radar: Gawker cuts staff pay rate for 2nd consecutive quarter
• Let your mind wander: the Economist’s new campaign
• FT results: FT.com paid-for subscriptions up 9%
• MediaGuardian: Independent News & Media falls into the red
• Online Journalism Scandinavia: Metro Sweden’s deal with Schibsted part of its ‘Freesheets 2.0′ strategy