Google’s UK Revenues in GBP
Posted on July 21, 2009
Filed Under google | Comments
Google’s Q2 2009 results came out last week, with the usual parade of pre-forecasting and post-analysis. I thought it would be useful to breakout the UK component of their revenues. Being a US company, Google report in US dollars, so I’ve made a rough estimate of what those revenues are in sterling.
| Quarter | USD (millions) | GBP (millions) | FX |
|---|---|---|---|
| Q1 07 | 578 | 296 | 0.5117 |
| Q2 07 | 600 | 302 | 0.5037 |
| Q3 07 | 661 | 327 | 0.4948 |
| Q4 07 | 692 | 338 | 0.4891 |
| Q1 08 | 803 | 406 | 0.5056 |
| Q2 08 | 774 | 393 | 0.5071 |
| Q3 08 | 776 | 410 | 0.5282 |
| Q4 08 | 685 | 437 | 0.6373 |
| Q1 09 | 733 | 510 | 0.6959 |
| Q2 09 | 715 | 463 | 0.6474 |
I’ve taken the FX rates from quarterly mid-market averages supplied by oanda.com. And for the more visually minded, here’s that data in a chart:
The data suggests that the UK business has started to mature since the start of 2008. We can clearly see the seasonal trends (high Q1, Q4; lower Q2, Q3) that one would expect as overall growth diminishes. Although we have only 2 quarters of data for this year so far, this seasonality seems to be more marked.
I’m sure, like me, you can’t resist a couple more charts. So here they are. The first one looks at quarter-over-quarter change:
The second looks at year-on-year change:
So with double-digit YoY growth in a recession, perhaps Google doesn’t have too much to worry about in the UK.
Agree or disagree with this post, or have something interesting to add? Then leave a comment below!
