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Google meets earnings estimates, high costs drag down profits

updated 04:42 pm EST, Thu January 30, 2014

Unloaded Motorola Mobile division drags on bottom line for last time

Google today announced financial results for the quarter and fiscal year that ended in December. The search engine leader reported consolidated revenues of $16.86 billion for the quarter, an increase of 17 percent compared to the fourth quarter of 2012. Acquisition costs totaled $3.31 billion, or 24 percent of advertising revenues.

Net income in the fourth quarter of 2013 was $3.38 billion, compared to $2.89 billion in the fourth quarter of 2012. Earnings per share in the fourth quarter of 2013 were $9.90 on 341 million diluted shares outstanding, compared to $8.62 in the fourth quarter of 2012 on 335 million diluted shares outstanding. The company holds $58.72 billion in cash and equivalents.

The now-sold Motorola Mobility division continued to see decreasing revenue. The segment contributed $1.24 billion, or seven percent of consolidated revenues, in the fourth quarter of 2013 -- compared to $1.51 billion, or 11 percent of consolidated revenues in the fourth quarter of 2012.

Google segment revenues from outside of the United States totaled $8.77 billion, representing 56 percent of total Google segment revenues in the fourth quarter of 2013, compared to 56 percent in the third quarter of 2013 and 54 percent in the fourth quarter of 2012. Revenues from the UK alone totaled $1.5 billion, 10 percent of Google segment revenues, unchanged from 2012.

Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of network members, increased approximately 31 percent over the fourth quarter of 2012 and increased approximately 13 percent over the third quarter of 2013. Average cost-per-click across the same network decreased approximately 11 percent over the fourth quarter of 2012 and decreased approximately two percent over the third quarter.

By Electronista Staff
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  1. djbeta

    Junior Member

    Joined: 01-11-04

    I think people are crazy to be invested in Google at this price. Sure they're a super brilliant bunch of people, however, their products are hit or miss, (what happened to Google Wave), why are some of their apps SOOOO sucky, and all almost ALL their revenue comes from search. Guess what. All that revenue can go away pretty easily as more people start getting disillusioned with Google and start using other search engines. Google is big brother. I personally don't want them or Facebook collecting information about me that they will use to try to sell me stuff. And YES, that is what Google does and that's what FaceBook just said it's planning to do. It ruins the internet experience. Screw Google.

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