Saturday, February 23, 2013

Google: Display Ads On $2.5B-Plus Annual Run Rate; Mobile Ads On $1B-Plus Run Rate

Google (GOOG) Senior VP Jonathan Rosenberg told investors on a post-earnings conference call this afternoon that the company is on a more than $2.5 billion run rate for non-text display ads. He also said the company is now monetizing over 2 billion YouTube views per week. And he said that the company’s mobile business is on a more than $1 billion annual run rate.

The company noted that it does not intend to disclose this data every quarter.

Note that there is some modest overlap between the Mobile and Display data.

CFO Patrick Pichette on the call declined to talk about YouTube profitability.

GOOG is now up $51.32, or 9.5%, to $592.25.

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