Google’s Q4 2013 profits miss, shares still up; Motorola lost $384 million

Google logoGoogle reported its earnings today for Q4 2013. Wall Street expected Google to hit $16.75 billion in revenue and earnings of $12.26 a share, and Google hit revenue estimates with 16.86 billion in revenue but missed earnings with $10.47 a share. The profit miss didn't seem to matter to investors, as shares were up slightly in after-hours trading.

Google's segment revenue (not counting Motorola) was up 22 percent from last year. Google only breaks revenue down into 3 segments: "Google Sites," "Network Revenues," and "Other Google Revenues," and those segments account for 93 percent of Google's revenue. "Google Sites" is the majority of the company's income, which includes revenue from Google Search, YouTube, Gmail, and other Google-owned sites. This segment accounted for $10.55 billion, or 67 percent of total segment revenue, and was up 22 percent year over year. "Google Network Revenues" come from ads shown on non-Google sites—essentially Adsense. Network Revenues were $3.52 billion, or 23 percent of total segment revenue, and only grew 3 percent over last year. The big winner was "Other Google Revenues," which is mainly Google Play app, media, and hardware sales. This segment only made $1.65 billion, or 10 percent of segment revenue, but it grew 99 percent year over year. Google specifically called out the Chromecast as a big success story of this group.

The numbers everyone is interested in pertain to the now-discarded Motorola, which lost $384 million for the quarter—$136 million more than last quarter. For the total year, Motorola burned through $1.245 billion worth of cash. The deal with Lenovo will take a while to close, so Google will still probably have to deal with Motorola for another quarter or two. When asked about the future of Google hardware on the earnings call, Google Senior VP and Chief Business Officer Nikesh Arora said, "As you know from the Nest acquisition and Glass and wearables, we continue to innovate and we continue to be committed to hardware in areas that are enterprising, promising, new frontiers—and that's what we're focusing on."

Source: Ars Technica

Tags: Google, report

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
Consumer group recommends iPhone 8 over anniversary model
 
LTE connections wherever you go and instant waking should come to regular PCs, too
 
That fiction is slowly becoming a reality
 
The Snapdragon 845 octa-core SoC includes the Snapdragon X20 LTE modem
 
Human moderators can help make YouTube a safer place for everyone
 
Google says Progressive Web Apps are the future of app-like webpages
 
All 2018 models to sport the 'notch'
 
The biggest exchange in South Korea, where the BTC/KRW pair is at $14,700 now
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
     12
3456789
10111213141516
17181920212223
24252627282930
31      




Poll

Do you use microSD card with your phone?
or leave your own version in comments (4)