Mr Schmidt has said getting the video sharing site to make money is the Web search company’s top priority for the year. He did not give details of the products, however, and they are not even in initial, or beta, testing. At the company’s annual shareholder meeting, Google co- founder Sergey Brin said YouTube and DoubleClick, an online advertising company bought by Google earlier this year for $3.1 billion, are still small businesses compared with its core search and advertising business.

Alternative option

“They both have potential, but for it to be a sizable part of our revenue, you’re going to have to wait at least a couple of years,” said Mr Brin in response to a question about when those acquisitions would make a significant contribution to the company’s bottom line.

Search advertisements

Google bought YouTube for $1.6 billion in 2006.The Web search leader played a large role in the takeover battle between Microsoft Corp and Yahoo.

 During a two-week test, it sold search advertisements on rival Yahoo last month as part of Yahoo’s attempt to find an alternative option to Microsoft’s offer. Mr Schmidt said the trial run provided good reason for the companies to discuss cooperation, but there was no deal yet.

“We view the test as successful,” he told reporters before the Web company’s annual meeting. “That’s a good basis to talk to Yahoo some more.”Without giving a specific time frame, Mr Schmidt said he expects 65 per cent of Google’s revenue to come from abroad. Eventually, non-US revenue could be even higher.