Google Beat the Street Again

They sure seem to be hitting on all cylinders now. I think this may be one of the more important metrics that you should be looking out for:

Figures released last week by another Internet metrics company,
Hitwise, showed Google gaining search market share and its competitors
declining. According to numbers provided by Hitwise, Google accounted for 64
percent of all U.S. in March 2007, up from 58% in March 2006. Yahoo Search, MSN Search and Ask accounted for 22% (-1 percentage point), 9% (-4 percentage points) and 3% (-0.5 percentage points) respectively.

That gain in market share is huge because it looks like Yahoo stumbled badly missing their numbers and it might be getting worse in the future. One thing I have been noticing is that Yahoo seems to be back to a point when they have to self advertise again. Before they released Panama almost every ad on their site was a Yahoo ad. Then when Panama was first released you started to notice car companies and other stuff taking the place of the Yahoo ads. Now it seems to be back to the pre-Panama days with tons of Yahoo ads again.

Couple this with the fact that you are now paying 38 times earnings for just 7% revenue growth and -11% income growth. Compare this with Google where you are paying 48 times earnings for 66% revenue growth and 69% income growth. There just isn't any comparison in the search space. Google is the winner and with that Doubleclick merger they will be crowned the "Internet Adking."