How much does Google Make? erm… $86.1m per day!

22 Dec

Google have just reported revenues of $7.29 billion for the quarter ending Sept 30, 2010, an increase of 23% compared to this time last year! That $7.29 billion over 92 days equates to roughly $86.1 million a day, so for all those sceptics thinking (wishing) Google’s bubble is soon to burst – keep dreaming.

To put this is in to better perspective, IFPI valued the entire US recording industry at $4.62 billion or $12.7 million per day. To break it down further, Warner Music Group posted revenues of $752 million over the recent quarter, down 12 percent year-over-year, and Universal Music Group posted recent-half revenues of $2.4 billion, down 7.9 percent.

So when we question why Google Music is struggling to break in to the US, maybe here lays the answer! But how long can these record labels hold out with Google willing to throw tens of millions of dollars at them to get things going!?

Advertisements

One Response to “How much does Google Make? erm… $86.1m per day!”

Trackbacks/Pingbacks

  1. Becoming Ten Times Richer In 2011 | Wealth Chronicles - January 8, 2011

    […] Let’s look at google.com for example, when several companies where closing down in 2010 due to the recovering melt down that occurred few years before, a company like google.com made about 23% increase in their revenue! See proof here. […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: