Google has issued a statement in advance of quarterly reporting saying that the online advertising market appears to be stabilizing, after a period in the first quarter of the year where consumers delayed purchases and cut the amount they were spending, reports the Financial Times. Earnings for Q2 are $5.2 billion. The company also said that YouTube is finally starting to get the attention of advertisers and the company expects it to turn a profit but no date for that was given.
Posted by Ellen Wallace on 17 July 2009 at 11:30 |
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This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 17 July 2009.
Filed under: World news
Tags: financial report, Google, online advertising, profit, YouTube
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July 21st, 2009 at 6:13 pm
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