This is an update on a previous post, looking at Google’s UK revenues in GBP. Google breaks out its UK revenues due to SEC regulations, but in dollars. This makes it difficult to determine how successful they’ve been in the UK because of currency fluctuations. I make the conversions back to sterling, so here’s the latest based on yesterday’s Q3 results.
|Quarter||USD (millions)||GBP (millions)||FX|
FX rates are taken from oanda.com as usual.
Here’s the data in chart form:
The quarter-over-quarter change:
And the year-over-year change:
Not a bad result at 14% up year-on-year. Looks positive for the economy, and pretty much what I expected after reading Efficient Frontier’s UK Q3 report.