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NEW YORK Continuing to defy expectations, online search engine Google has reported an increase of 70 percent in Q3 revenue compared with the same period last year.
The numbers came just 10 days after the company spent $1.65 billion to acquire the online video site YouTube [Adweek Online, Oct. 9].
“Our third quarter results are a testament to the strength of our network of advertisers and partners, as well as our continuing focus on users,” Eric Schmidt, CEO of Google, said in a statement.
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