Viacom suit costs Google $100 million; company profit up 24%

MUMBAI: Google Inc’s revenues increased 24 percent at $6.82 billion for the quarter ended 30 June.

The company’s net income stood at $1.84 billion, which was up from $1.48 billion in the second quarter of 2009. However, earnings per share of $6.45 per share were lower than the $6.54 a share.

Google spent $100 million fighting Viacom Inc.’s $1 billion lawsuit against YouTube Inc. over alleged copyright violations. Google finally won the three-year old case against Viacom.

Google-owned sites generated revenues of $4.50 billion, or 66% of total revenues, in the second quarter of 2010. This represents a 23% increase over second quarter 2009 revenues of $3.65 billion.

On the other hand, Google’s partner sites generated revenues, through AdSense programs, of $2.06 billion, or 30% of total revenues, in the second quarter of 2010. This represents a 23% increase from second quarter 2009 network revenues of $1.68 billion.

Revenues from outside of the United States totaled $3.53 billion, representing 52% of total revenues in the second quarter of 2010, compared to 53% in the first quarter of 2010 and 53% in the second quarter of 2009.

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