Near sighted Wall Street pummelled Google’s stock today, sending down over 7% or nearly $40 to around $500 per share. The stock was indeed priced to perfection, as points out Larry Dignan of ZDNet, who also went through Google’s presentation and republished a couple of interesting graphs:
Google’s Revenue Breakdown:
Google’s Revenue International vs. US:
It’s a matter of time before the company’s global (non-US) revenue pulls in more than 50%. Sure, it might not dominate in every market as it does in the US, but Google has one of the strongest brands in the world and far more upside abroad than in the US. I do wonder how much it will eventually pull from non-US markets?
Note that for all of the talk surrounding how efficient the Web makes advertising, it’s thus far been abysmally inefficient. Example: Canada is 1/10th of the US but the US pulls 16x the revenue that Canada does, even though Canadians are on broadband at a far higher clip than the US is. Naturally as the center of the world wide web revolution from 1994 onwards, that was to be expected… but as the US become more and more saturated I expect non-US markets to take off.
That’s one reason, I suppose, why we try to have some non-English video content amongst the 90% of English content on WatchMojo.com. Mind you, we could do a far better job on that front, I suppose.
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