Google reported a record $1.6 billion in revenue for the third quarter, virtually double what it brought in a year ago and up 14 percent sequentially. Net income was up seven-fold over the year-ago period to $381 million, or $1.31 per share.

The extraordinary earnings, almost all from advertising, are all the more stunning considering that the third quarter is seasonally slow online.

Revenue from sites owned by Google grew considerably faster than that from sites in its extended AdSense network. Company-owned sites brought in 56 percent of all earnings for the quarter, or $885 million. That’s a 20 percent lift over Q2. Network revenues, meanwhile, grew by 7 percent; these accounted for 43 percent of the whole, or $675 million.

Read more about Google revenues and Adsense money athttp://www.clickz.com/news/article.php/3558081.