November 19, 2008, 4:32 PM — Mozilla's revenues were up 13% in 2007 over the year before, as the organization continued to profit from its partnership with search giant Google Inc., Mozilla's chairman said Wednesday.
"Our revenue remains strong; our expenses focused," said Mitchell Baker , Mozilla's current chairman and the former CEO of Mozilla Corp., in a post to her blog.
According to the audited financial statement Mozilla released Wednesday, the company's revenues for 2007 totalled $75.1 million, up 13% from 2006's $66.8 million, with the bulk of the year's income coming from Mozilla's search deal with Google.
Search royalty payments accounted for $68.2 million, or 91% of 2007's revenues, said Mozilla's financial statement; that percentage was down slightly from the 92% of 2006's income attributed to search.
About $60 million, or 88% of the search royalties, came from Google, with the remainder from other agreements Mozilla has with Yahoo Inc. and Amazon Inc. Interestingly, although Mozilla's total search revenues were down in 2007, the percentage attributed to the Google deal went up; in 2006, 85% of all search income, or $52.3 million, came from Google.
The agreement between Mozilla and Google pays the former for assigning the latter as the default search engine in Firefox, and for click-throughs on ads placed on the ensuing search results pages.
Mozilla renewed the deal with Google last August, and signed a three-year contract that ends in November 2011. At the time, the agreement was set to expire this month.
