Google Q2 2007 earnings report

Google reported their earnings for Q2 2007 Tuesday.

Google reported revenue of $3.87 billion, up 58 percent compared to the same quarter last year.
Although Google revenue has increased overall from last year, there were some disapointments at wall street beacose google missed expectations by 3 cents per share.
Excluding traffic acquisition costs, or commission paid to content partners, revenue was $2.72 billion

The advertising earnings from google search advertising and also AdSense publishers grew by 47 percent compared to the second quarter of 2006.

Ofcourse this is not what some expected and part of the reason as to why earnings are lower than expectations can be put to the recent acqusition of DoubleClick and the opened investigation about googles acqusition of DoubleClick. Another problem is the two most significant lawsuits Google faces at the moment include those related to its book search project and the suit filed by Viacom related to YouTube.