Google's Q4 revenue soars to $12.91 billion

Google's Q4 revenue soars to $12.91 billion

PanARMENIAN.Net - Google's revenue climbed 22 percent to $12.91 billion in the fourth quarter, TheWrap reported citing Reuters.

The search giant consolidated its revenue to include the $14.42 billion in earnings from its Motorola Mobility mobile phone company.

The quarterly revenue posting did not include money from Motorola's television set-top business, which Google recently agreed to sell.

“We ended 2012 with a strong quarter,” Larry Page, CEO of Google, said in a statement. “Revenues were up 36 percent year-on-year, and 8 percent quarter-on-quarter. And we hit $50 billion in revenues for the first time last year – not a bad achievement in just a decade and a half."

However, the average cost-per-click, Google metric for the price advertisers pay for ads on the site, fell 6 percent from last year. That marked the fifth consecutive quarter of decline in price.

But Google's core business generated a net revenue of $9.83 billion in the fourth quarter, besting the same quarter last year, which came in at $8.13 billion.

And Motorola phone business suffered an operating loss of $353 million during the quarter.

"In today’s multi-screen world we face tremendous opportunities as a technology company focused on user benefit," Page said. "It’s an incredibly exciting time to be at Google.”

 Top stories
Azerbaijan’s aggression against Nagorno Karabakh failed to strike a blow to Armenia’s economy, the Minister of Economy said.
Total underground mineral resources comprised 4.3 million tons of ore, averaging 4.2 grams per ton for 0.6 mln ounces of gold equivalent.
For those with a monthly consumption of 10 thousand cubic meters or more, the current price of $276.98 would be reduced to $257.56.
Azerbaijan is highly dependent on oil revenues and its preliminary 2016 budget indicates reductions in military spending, the report says.
Partner news