GOOGL posted strong 3Q results, with continued 20%+ revenue growth, driven by the seemingly indefatigable engine of mobile paid search advertising. Constant currency revenue growth was 24%, a point higher than 2Q's 23%, with management commentary increasing its emphasis on the contribution to this growth from mobile search advertising, which drove Google Sites revenue up 23%, accelerating from 20% in 2Q. Overall advertising accelerated similarly, to 21% growth in 3Q from 18% growth in 2Q, partially assisted by less f/x drag.
The Go in Google … Putting the E Back in FrEnemy?
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