Google Q4 2013 earnings report shows revenue on the upswing

Brittany A. Roston - 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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