Sunday, 20 July 2008

Google UK suffers first quarterly revenue decline

The Times on Saturday carried a report – Google UK not immune to economic downturn. Google's UK Q2 revenues suffered its first decline since its 2004 IPO – down from £405.9m in Q1 to £392.4m. The problems in the property market were blamed as estate agents cut advertising spending.

But, put into context, advertising in the UK has fallen across the board and Google has probably improved its position. Indeed it is set to overtake ITV in the next year. Just to show what a dominant position Google has, it attracted a massive 87% of the internet search market in may according to Hitwise.

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