Google worth more than GM, Viacom, Disney...

TheEnforcer · 04-25-2005

http://www.variety.com/VR1117921578.html

Google gains bode ill for radio and TV
Search engine reports $369.2 mil quarterly profit

By BLOOMBERG
advertisement

What's good for Google is likely to be bad for traditional media, especially radio and television.

The eye-popping revenue and profit growth reported last Thursday by the most-used Internet search engine -- profit up more than five-fold to $369.2 million for the quarter and sales nearly doubling to $1.26 billion -- came from surging Internet advertising.

"The numbers from Google are, by any definition, spectacular," said Bob Parker, deputy chairman of Credit Suisse Asset Management in London, which oversees $335 billion. "There's going to be a clear shift from radio and TV advertising to Internet advertising. That clearly benefits companies like Google."

The stock, sold to the public at $85, rose $11.59 to close Friday at $215.81 in Nasdaq composite trading after earlier surging to $224. That surpassed the previous record of $216.80 after last quarter's earnings report. Yahoo, which this week also reported a surge in profit and record sales, fell 71¢ to $35.16.

The increase in Google's stock price pushed the company's market value to $60 billion, more than media congloms such as Viacom and Disney, not to mention industrial icons such asGeneral Motors, Ford and Hewlett-Packard.

Google shares are worth $275 to $290 each, Goldman, Sachs analyst Anthony Noto in New York said Friday. Noto, the top-ranked Internet analyst by Institutional Investor magazine, called Google's earnings report "outstanding."

Record revenue from Google and Sunnyvale, Calif.-based Yahoo illustrates the growing shift of advertising spending from traditional media such as newspapers and broadcast television.

Internet advertising "is probably about 3 or 4 percent of worldwide spending but growing very rapidly," WPP Group chief executive officer Martin Sorrell said. WPP is the world's second-biggest advertising company.

"We are seeing it overtake radio, for example, in the U.K. and online purchasing is growing at a prodigious rate in the U.S.," Sorrell said.

Google's quarterly sales eclipse the combined revenue of the New York Times, the third-largest U.S. newspaper company and Dow Jones, publisher of the Wall Street Journal.

Trev · 04-25-2005

Damn, I never realised Google was worth so much!

It's a search engine... Disney has some mouse with big ears

Almighty Colin · 04-25-2005

This is what happens when stocks sell at a PE of 153.

This is what Disney-big looks like: $30.1 billion in sales, $2.3 billion in net income.

TheEnforcer · 04-25-2005

That article just blew me away. Fuck.. that's just nuts.

slavdogg · 04-25-2005

Quote:

Originally posted by Almighty Colin@Apr 25 2005, 03:13 PM
This is what happens when stocks sell at a PE of 153.

This is what Disney-big looks like: $30.1 billion in sales, $2.3 billion in net income.

actually Goog is at about 37x next years PE
which is bellow its growth rate.
So goog value doesnt seem unreasonable to me just yet.

Steady · 04-25-2005

WOW! I knew Google was big, but not this fucking big!

asander · 04-25-2005

Thats just insane!

Trev · 04-25-2005

Anyone know how many search's are done on google per day or month?

slavdogg · 04-25-2005

Quote:

Originally posted by Trev@Apr 25 2005, 04:18 PM
Anyone know how many search's are done on google per day or month?

about 250m a day

Trev · 04-25-2005

Quote:

« Previous Thread | Next Thread »

Originally posted by slavdogg+Apr 25 2005, 10:33 PM-->
QUOTE (slavdogg @ Apr 25 2005, 10:33 PM)

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04-25-2005	#2
Trev Cunty Want to see your own Advertising Here! Join Date: Jan 2003 Posts: 10,150	Damn, I never realised Google was worth so much! It's a search engine... Disney has some mouse with big ears __________________ Sucks to be you.

04-25-2005	#3
Almighty Colin Members Want to see your own Advertising Here! Join Date: Oct 2002 Posts: 8,059	This is what happens when stocks sell at a PE of 153. This is what Disney-big looks like: $30.1 billion in sales, $2.3 billion in net income. __________________ Almighty Content. Your one stop for live content. Secret Friends, LATINA Secret Friends , My Cam Friends

04-25-2005	#6
Steady Members Join Date: Mar 2005 Posts: 864	WOW! I knew Google was big, but not this fucking big! __________________ ICQ 314168626 Check out our Shared Plans CLICK HERE!

04-25-2005	#8
Trev Cunty Want to see your own Advertising Here! Join Date: Jan 2003 Posts: 10,150	Anyone know how many search's are done on google per day or month? __________________ Sucks to be you.

04-25-2005	#1
TheEnforcer Scored VIP to Anton's Piss Tank Want to see your own Advertising Here! Join Date: Oct 2002 Posts: 8,781	http://www.variety.com/VR1117921578.html Google gains bode ill for radio and TV Search engine reports $369.2 mil quarterly profit By BLOOMBERG advertisement What's good for Google is likely to be bad for traditional media, especially radio and television. The eye-popping revenue and profit growth reported last Thursday by the most-used Internet search engine -- profit up more than five-fold to $369.2 million for the quarter and sales nearly doubling to $1.26 billion -- came from surging Internet advertising. "The numbers from Google are, by any definition, spectacular," said Bob Parker, deputy chairman of Credit Suisse Asset Management in London, which oversees $335 billion. "There's going to be a clear shift from radio and TV advertising to Internet advertising. That clearly benefits companies like Google." The stock, sold to the public at $85, rose $11.59 to close Friday at $215.81 in Nasdaq composite trading after earlier surging to $224. That surpassed the previous record of $216.80 after last quarter's earnings report. Yahoo, which this week also reported a surge in profit and record sales, fell 71¢ to $35.16. The increase in Google's stock price pushed the company's market value to $60 billion, more than media congloms such as Viacom and Disney, not to mention industrial icons such asGeneral Motors, Ford and Hewlett-Packard. Google shares are worth $275 to $290 each, Goldman, Sachs analyst Anthony Noto in New York said Friday. Noto, the top-ranked Internet analyst by Institutional Investor magazine, called Google's earnings report "outstanding." Record revenue from Google and Sunnyvale, Calif.-based Yahoo illustrates the growing shift of advertising spending from traditional media such as newspapers and broadcast television. Internet advertising "is probably about 3 or 4 percent of worldwide spending but growing very rapidly," WPP Group chief executive officer Martin Sorrell said. WPP is the world's second-biggest advertising company. "We are seeing it overtake radio, for example, in the U.K. and online purchasing is growing at a prodigious rate in the U.S.," Sorrell said. Google's quarterly sales eclipse the combined revenue of the New York Times, the third-largest U.S. newspaper company and Dow Jones, publisher of the Wall Street Journal.

04-25-2005	#7
asander Dickhead Join Date: Apr 2005 Posts: 30	Thats just insane!