Google Q4 2012 Earnings Release - Revenue: $12.9bn, Profit: $2.9bn

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Google announces Q4 2012 earnings: impressive revenues of $14.42 billion, excluding Motorola Home
By Terrence O'Brien posted Jan 22nd, 2013 at 4:04 PM 15


Earnings season is swinging into high gear and today's big player is Google. The internet giant just announced its earnings for the fourth quarter of 2012, and unsurprisingly it's still raking in the dough. For the three month period ending December 31st, 2012 the company pulled in $14.42 billion in revenue -- a staggering 36 percent increase year-over-year. That doesn't even include revenue generated by Motorola's recently spun off Home division, which would have pushed the total to $15.24 billion. 2012 also marked the first year that the company broke the $50 billion barrier for total revenues. Of course, bringing in all that money means nothing if you can't actually turn a profit. Good news for investors is that Google saw a net income of $2.89 billion this quarter, up from $2.71 billion the same time last year. Not surprisingly, a large chunk of that cash is coming from Google's own properties and advertising -- with Google-owned sites accounting for 67 percent of revenues.

Motorola Mobility, on the other hand, isn't fairing so well. While pulling in $1.51 billion in revenue, the phone manufacturer managed to lose $353 million as its new parent company continues to try to turn around the business. There is a sizable war chest at its disposal however, as Google claims to have $48.1 billion in cash or its equivalent on hand.