Google put out its financial results last week and it turns out it made a shockingly large amount of money from ads. They made $27 billion in ad revenue in just last three months.
If you do the mate, that’s $300 million of revenue every single day, or around $12.5 million every hour. Quite the money-maker, eh?
What’s more, the number of paid clicks on Google Ads is increasing fast. Paid clicks on Google Ads were 59 per cent higher than the same period last year.
“Our ongoing strong revenue growth reflects our momentum globally, up 26% versus the first quarter of 2017 and 23% on a constant currency basis to $31.1 billion. We have a clear set of exciting opportunities ahead, and our strong growth enables us to invest in them with confidence,” said Ruth Porat, CFO of Alphabet and Google.