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Google releases Q4 2012 earnings: $14.42 billion revenue, $2.89 billion income

Image Credit: mobilehotspot.ca

Image Credit: mobilehotspot.ca

Google just announced their Q4 2012 earnings, posting a healthy $14.42 billion in revenue, up 36% from the same quarter last year. Motorola Mobility revenues totaled $1.51 billion for the quarter, contributing to a total $2.89 billion in revenue for Google, a slight increase from last year’s $2.71 billion Q4 revenue. As expected, the bulk of Google’s revenue came from search and advertising, which brought in $12.91 billion or 89% of consolidated revenues. International revenues also made up 54% of Google’s earnings, bringing in $6.9 billion.

“We ended 2012 with a strong quarter,” said Larry Page, CEO of Google. “Revenues were up 36% year-on-year, and 8% quarter-on-quarter. And we hit $50 billion in revenues for the first time last year – not a bad achievement in just a decade and a half. In today’s multi-screen world we face tremendous opportunities as a technology company focused on user benefit. It’s an incredibly exciting time to be at Google.”

Source: Google

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