Q2 2009 Quarterly Earnings Summary
Second Quarter 2009 Highlights
• Revenue growth of 3% Y/Y
o o o
Google properties revenue growth of 3% Y/Y and -1% Q/Q Network revenues increased 2% Y/Y and 3% Q/Q International revenues were $2.9 billion
• Operational Highlights
o o o
Traffic and revenues solid in Q2 despite difficult economic environment Key investments continue in our core search and ads businesses Continuing to invest in strategic growth areas:
Display, Apps, and Mobile
• Maintaining a clear focus on operational efficiency and continued cost management
Quarterly Revenues
Q2’09 Y/Y Growth = 3% Q2’09 Q/Q Growth = 0%
5,186
5,367
5,541
5,701
5,509
5,523
$ in millions
U.S. vs. International Revenues
($ in millions)
5,186
5,367
5,541
5,701
5,509
5,523
51%
52%
51%
50%
52%
53%
49%
48%
49%
50%
48%
47%
Traffic Acquisition Costs
$ in millions
Costs and Expenses
Note: Please refer to supporting Table 1 for reconciliations of non-GAAP costs and expenses to GAAP costs and expenses
Profitability
Note: Please refer to supporting Table 2 for reconciliations of non-GAAP results of operations measures to the nearest comparable GAAP measures
Free Cash Flow
Table 1 - Reconciliations of non-GAAP costs and expenses to GAAP costs and expenses
Table 2 - Reconciliations of non-GAAP results of operations measures to the nearest comparable GAAP measures
Q2 2009 Quarterly Earnings Summary