Search giant Google reported fourth-quarter revenues of US$18.1bn as the online advertising machine continued to spew out cash. The company reported a profit of US$4.76bn for the quarter.
Operating profits were US$4.4bn, or 24pc of revenues.
“Google’s full year revenue for 2014 was US$66bn, up 19pc year on year,” said Patrick Pichette, CFO of Google, “and this quarter, our revenue was US$18.1bn, despite strong currency headwinds.”
During the quarter, Google completed the sale of Motorola Mobility to Lenovo, resulting in a gain of US$740m for the company.
Google reported that its sites generated US$12.43bn, or 69pc of total revenues.
Partner sites generated US$3.72bn, or 20pc of total sales.
Other revenues were US$1.9bn, or 20pc of revenues.
Revenues from outside the US came in at US$10.23bn, representing 56pc of Google’s Q4 revenues.
Traffic acquisition costs increased to US$3.62bn, up from US$3.31bn a year ago.
At the end of December, Google had a war chest of US$64.4bn in the bank.
Google HQ image via Shutterstock
