Google Q1 results show revenues of US$17.3bn

23 Apr 2015152 Views

Google has reported Q1 revenues of US$17.3bn, up 12pc on the same quarter last year. The internet giant cited momentum in its mobile advertising business as the driving force behind its performance.

Hedging its bets in a foreign exchange risk-management programme, if foreign exchange rates had remained constant Google’s revenues in the first quarter would have been US$795m higher.

The internet giant reported a profit of US$3.5bn, up from US$3.4bn last year.

Google websites generated revenues of US$11.9bn in the first quarter, a 14pc jump from last year.

Google momentum in mobile

Total advertising revenues increased by 11pc to US$15.5bn.

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Google Network Members’ websites’ revenues were up 1pc to US$3.5bn, while revenues from other sources came in at US$1.75bn, an increase of 23pc.

“Google’s first quarter revenue was $17.3 billion, up 12pc year-on-year. Excluding the net impact of foreign currency headwinds, revenue grew a healthy 17pc year-on-year,” said Patrick Pichette, CFO of Google.

“We continue to see great momentum in our mobile advertising business and opportunities with brand advertisers.”

Google image via Shutterstock

John Kennedy is an award-winning technology journalist who served as editor of for 17 years.