Google’s quarterly results are in – revenue up 22% on the previous year with a gross profit margin of 300%. Although the adwords river of gold still makes up 90% of the company’s income.
investor.google.com/earnings/2014/Q2_google_earnings.html
While spectacular, such a reliance on one product line is a vulnerablity. It’s not surprising Google’s leadership is experimenting with new businesses.
It’s also notable that payments to network partners fell as a proportion to revenues, which explains some of the pain sites that rely on Google Adsense checks are feeling.