Google+ now has 90 million users worldwide, Google releases Q4 2011 earnings

By on Jan 20, 2012 in Business, Finance, Internet, Technology, United States, World Comments

Google+ (or Google Plus), Google‘s social networking site, now has 90 million users worldwide, which was launched on June 28, 2011 but was opened to the public without invitation on September 20, 2011.



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Image Credit: Google

As posted by Google CEO Larry Page on his official Google+ page on Friday, January 20, 2012, Google+ has reached the 90 million users mark, along with the release of Google‘s fourth-quarter earnings.

Google had a really strong quarter ending a great year. Full year revenue was up 29%, and our quarterly revenue blew past the $10 billion mark for the first time,” Larry Page wrote.

“I am super excited about the growth of Android, Gmail, and Google+, which now has 90 million users globally – well over double what I announced just three months ago.” Mr. Page added, noting that it is double than that of the last quarter.

Back in November 2011, Google+ reportedly had over 40 million users a month earlier, along with the introduction of Google+ Pages, which was created for brands and businesses that would want to connect their fans and customers.

“By building a meaningful relationship with our users through Google+ we will create amazing experiences across our services. I’m very excited about what we can do in 2012 – there are tremendous opportunities to help users and grow our business.” Page explained further.

Meanwhile, Google also announced their Fourth Quarter and Fiscal Year 2011 results, with the giant Internet company revealing a $10.58 billion gross earnings for Q4 or 2011, a 25% increase over Q4 of 2010 gross revenues of $8.44 billion.

Nevertheless, Bloomberg reported that Google fell off short of their analysts’ survey of $8.41 billion average net income due to traffic-acquisition costs, after which Google made only $8.13 billion.

Likewise, Google-owned sites was said to have generated revenues of $7.29 billion, or 69% of total revenues, in Q4 of 2011, a 29% increase over Q4 of 2010 revenues of $5.67 billion.

On the other hand, Google noted that the average cost-per-click (CPC), which includes clicks related to ads served on Google sites and the sites of their network members, decreased approximately 8% over the Q4 of 2010 and declined about around 8% over the Q3 of 2011.



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