Earnings are up across the board; Motorola’s final quarter was an operating loss of $384 million
Google has just released its Q4 2013 and full year 2013 financial results, with increases in both revenue and income. For the fourth quarter, Google reported revenues of $16.86 billion, up 17 percent year-over-year. Operating income was $3.92 billion, or 23 percent of revenues. Net income rang in at $3.38 billion, up from $2.89 billion in Q4 2012. CEO Larry Page released the following statement along with earnings:
“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. 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-owned site revenue was up by 22 percent year-over-year to $10.55 billion — that’s 67 percent of Google’s total revenues. Paid clicks were up about 31 percent in the quarter, with cost-per-click dipping roughly 11 percent year-over-year.
The now-sold Motorola contributed a $384 million operating loss in Q4 2013, which is about on par with previous quarters but is a big jump from a loss of $152 million in the year-ago quarter. The release also notes that the final employee headcount for Motorola was 3,894 — compare that to the over 43,000 in Google proper.
Source: Google