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.