Google reports Q1 revenues of US$14bn and net profit of US$3.48bn

18 Apr 2013

Google CEO Larry Page

Internet giant Google reported Q1 revenues of US$14bn, resulting in a net profit of US$3.48bn, which CEO Larry Page said was due to solid execution of the company’s product strategy.

“We had a very strong start to 2013, with US$14bn in revenue, up 31pc year-on-year,” said Page.

“We are working hard and investing in our products that aim to improve billions of people’s lives all around the world.”

Google-owned sites generated revenues of US$8.64bn, or 67pc of total Google revenues.

Partner sites generated revenues of US$3.26bn, or 25pc of total Google revenues.

Google revenues from outside of the United States totalled US$7.1bn, representing 55pc of total Google revenues in the first quarter of 2013.

Motorola Mobile revenues were US$1.02bn, or 7pc of Google’s consolidated revenues. Operating loss for Motorola Mobile amounted to US$271m.

Google’s operating expenses during Q1 were US$4.55bn and the company had a total headcount of 53,891 people worldwide at the end of the quarter.

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years