Google reports Q4 revenues of US$16.8bn, up 17pc on last year

31 Jan 2014

The atrium at Google in Dublin

Internet giant Google reported US$16.8bn in fourth-quarter revenues, up 17pc on the same quarter last year. This resulted in a Q4 net profit of US$3.3bn, up from US$2.8bn a year ago.

For the full-year 2013, Google brought in revenues totalling US$59.8bn, up 19pc on 2012.

The decision to offload Motorola Mobility to Lenovo for US$2.9bn didn’t factor in the current set of accounts. Google bought Motorola Mobility in 2012 for US$12.5bn.

“We ended 2013 with another great quarter of momentum and growth. Google’s standalone revenue was up 22pc year-on-year, at US$15.7bn,” said Larry Page, CEO of Google.

“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,” Page added.

Google-owned sites generated revenues of US$10.5bn, or 67pc of total revenues.

The search engine’s partner sites generated revenues of US$3.5bn while revenues from Google’s businesses came in at US$1.65bn.

Revenues from outside the US totalled US$8.7bn, 56pc of Google’s total revenue base.

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