Google Q4 2013 earnings report shows revenue on the upswing

Jan 30, 2014
Google Q4 2013 earnings report shows revenue on the upswing

Google has reported its fiscal year and fourth-quarter 2013 financials, and in its we see revenue on the upswing over the same quarter last year. There was total consolidated revenues of $16.68 billion for the quarter, a year-on-year jump of 17-percent. Segment revenues are up as well.

The quarter came to its end on December 31, and accordingly Google saw segment revenues of $15.72 billion, amounting to 93-percent of consolidated revenues. This is a 22-percent jump year-on-year over 2012's numbers, which had a revenue of $12.91 billion. International segment revenues for the quarter hit $8.77 billion.

Network revenues in particular reached $3.52 billion, a 23-percent of the total segment revenues and a 3-percent increase over the same quarter in 2012. Rounding it all out are the other revenues, which Google says amounted to $1.65 billion in Q4, and is a 99-percent jump over Q4 2012.

Said Google CEO Larry Page: "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."

SOURCE: Google

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