Google Inc. (NASDAQ:GOOG) is the default search in the upper search box in the Firefox browser. This is because Google paid a good price to be there. And Google is helping Mozilla stay alive as they are Mozilla’s biggest revenue source.
“We?ve just renewed our agreement with Google for an additional three years. This agreement now ends in November of 2011 rather than November of 2008, so we have stability in income,” stated Mitchell Baker, Chairperson of the Mozilla Foundation. “We?re also learning more all the time about how to use Mozilla?s financial resources to help contributors through infrastructure, new programs, and new types of support from employees.”
Mozilla’s revenue was $52.9 million in 2005 and $66.8 million in 2006. The 2007 numbers aren’t yet known. Over those two years, it is believed that 85% of Mozilla’s revenue was generated from their partnership with Google. Now that the deal is extended to November 2011, Mozilla will continue to depend on the search engine company to keep their employees paid, run an office, and have all the server power they need.