Google beats Q2 2014 revenue estimates with $15.96 billion

Google logoGoogle announced its earnings for Q2 2014 today. The company reported $15.96 billion in revenue, a 22 percent increase over last quarter, and earnings of $6.08 per share. This is a mixed bag compared to what Wall Street was expecting, which was a net revenue of about $15.62 billion and earnings of $6.25 a share.

Google breaks its earnings up into three categories: "Site revenue," which represents Google sites like Search, Gmail, and YouTube; "Network Revenue," which covers AdSense ads on third-party sites; and "Other Revenue" which is mostly earnings from the Play Store's sales of apps and hardware. Site revenue hit $10.94 billion last quarter, or 69 percent of total revenue. That's an increase of 23 percent over the same quarter last year. Network revenue was up to $3.42 billion, a seven percent increase over last year. The Other Revenue category continued its impressive growth, up 53 percent over last year for 1.60 billion in revenue. Selling hardware and apps on the Play Store now makes up 10 percent of Google's revenues.

Google also announced that Nikesh Arora, the company's chief business officer (and first person listed on the company management page who isn't Larry Page, Sergey Brin, or Eric Schmidt), will be leaving Google to work at SoftBank. Arora had been with the company for almost 10 years.

Source: Ars Technica

Tags: Google, report

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