Google's worldwide pre-tax profits for the second quarter of 2008, although they jumped 35% year-on-year to $1.25bn (£628m), were down 5% from Q1 2008, and consequently failed to meet analysts' expectations.
In late trading on Wall Street, its share price dipped by as much as 12% as a result.
International revenues, which remain key to sustaining Google’s growth as its US revenue growth gradually slows, totalled $2.8bn (£1.04bn), representing 52% of total revenues in the second quarter of 2008. As such, Google’s international revenues surpassed its US sales for the first time.
Eric Schmidt, Google chief executive, in a statement to accompany the results, said: Strong international growth as well as sustained traffic increases on Google's web properties propelled us to another strong quarter, despite a more challenging economic environment.
Google’s wholly owned websites generated revenues of $3.53bn (£1.77bn), or 66% of total global revenues, in the second quarter of 2008. This represents a 42% increase over second quarter 2007 revenues of $2.49bn (£1.25bn).
Meanwhile, revenues from Google’s partner sites generated revenues, through AdSense programs, of $1.66bn (£833m), or 31% of total revenues, in the second quarter of 2008.
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