Google's revenues in the fourth quarter were $1.9 billion, 86 percent more than in 4Q04 and 22 percent more than the previous quarter, reports ClickZ. Net income was $372 million, or $1.22 per share - 82 percent more than the year-ago period. However, Google stock fell $54, or 12 percent, to $379 in after-hours trading because earnings missed analysts' expectations of $1.76 per share, reports the Mercury News. Revenues for all of 2005 were a record $6.1 billion.

Google-owned sites accounted for 57 percent of the quarter's revenue; AdSense network publishers accounted for 42 percent. Network revenue increased 18 percent from the previous quarter, while revs from Google sites increased 24 percent. Some 38 percent of quarterly revenue was from outside the U.S.; the U.K. accounted for 14 percent of total revs.

Cofounder Sergei Brin said Ford was the first major advertiser to run a large campaign using Google's site-targeting program. The fourth quarter was the first during all of which the company's sales force was organized by vertical.