Google Publishes Its Q4 2013 Earnings Report With $16.86 Billion in Revenues

Google Publishes Its Q4 2013 Earnings Report With $16.86 Billion in Revenues

Google just announced financial results for its fourth quarter that ended on December 31st 2013. According to its earnings report, the search giant’s gross total consolidated revenue was $ 16.86 billion, an increase of 17% compared to the same quarter last year. Its segment revenue came in at $ 15.72 billion, a 22-percent jump year-on-year over 2012's numbers which had a revenue of $ 12.91 billion.

"We ended 2013 with another great quarter of momentum and growth. Google's standalone revenue was up 22% year on year, at $ 15.7 billion", Google’s CEO Larry Page said. "We made great progress across a wide range of product improvements and business goals. I'm also very excited about improving people's lives even more with continued hard work on our user experiences."

Google also reported $ 3.37 billion in net income over the last three months. Plus, its paid clicks increased approximately 31% over the fourth quarter of 2012 while its cost-per-click was down 11% year-over-year. Besides, the company’s network revenue reached $ 3.52 billion, a 3-percent increase over the same quarter in 2012. Finally, its other revenues doubled year-over-year to $ 1.65 billion in Q4, a 99-percent jump over Q4 2012.

Google reported its fiscal year and fourth-quarter 2013 financials on January 30, 2014. The company’s revenue targets beat estimates but its earnings-per-share did not.

Google reported revenue of $ 14.89 billion last quarter and earned $ 10.47 a share.

The company’s consolidated revenue was $ 16.86 billion and its network revenue came in at $ 3.52 billion. Meanwhile, its other revenues amounted to $ 1.65 billion in Q4. Turning to Motorola segment, gross revenue was $ 1.2 billion.

Google announced that it sold Motorola to Lenovo for approximately $ 2.9 billion.

Google sites revenue was up 22% year-over-year to $ 10.6 billion while the stock was up slightly in after-hours trading.

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