Google Revenues Are Up 19% In The First Quarter

By 05:19 Mon, 19 Jul 2021 Comments

Google announced another winning quarter – the $15.4 billion in revenue for the first quarter of 2014 was 19% up year on year. Of course, the sale of Motorola Mobility was a gigantic event for Google in Q1. The search giant will continue handling profits and losses from the phone maker until the sale to Lenovo closes, but has already moved Moto to the "discontinued operations" column.

Discontinued operations posted a net loss of $198 million, just a small more than the $182 million net loss from last year. It's unclear how much of that is due to Motorola Mobility and how much to other Google properties. For comparison, Motorola alone posted an operating loss of $271 million in Q1 last year.

Google notes that if Motorola was being reported as an operating segment, it would have brought in $1.45 billion in revenue, "$74 million higher than what was included in net loss from discontinued operations."

Anyway, the search giant reported net income of $3.45 billion on $15.4 billion revenue, up from $3.35 billion net income in Q1 2013. 57% of revenue came from outside the US, the UK alone accounted for 10%.

Google sites made $10.47 billion (68% of total) revenue, partners brought in $3.40 billion (22% of total) and "other" revenue streams clocked in at $1.55 billion (10% of total). Paid ad clicks went up 26% quarter on quarter but decreased 1% compared to the holiday quarter last year. Cost-per-click for ads went down 9% quarter on quarter.

Google also underwent a stock split in Q1, giving its current stock holders equal amounts of voting and non-voting shares. Earnings per share was $5.04, up from $4.97 from last year.

Detailed numbers can be found here (PDF).



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