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Google Q2 Earnings: A Swing and a Miss

by Todd Haselton | July 18, 2013July 18, 2013 1:08 pm PDT

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Google’s Q2 2013 earnings are out. The company reported revenue of $14.11 billion, below Wall Street estimates of $14.4 billion in revenue for the quarter. It posted an earnings per share of $9.56, below the Street estimate of $10.79 EPS and down 6 percent from the second quarter of 2012. The company’s revenues were up 19 percent from last quarter, however.

Here’s a breakdown on the company’s revenues:

Google Revenues (advertising and other) – Google revenues were $13.11 billion, or 93% of consolidated revenues, in the second quarter of 2013, representing a 20% increase over second quarter 2012 revenues of $10.96 billion.

  • Google Sites Revenues – Google-owned sites generated revenues of $8.87 billion, or 68% of total Google revenues, in the second quarter of 2013. This represents an 18% increase over second quarter 2012 Google sites revenues of $7.54 billion.

  • Google Network Revenues – Google’s partner sites generated revenues of $3.19 billion, or 24% of total Google revenues, in the second quarter of 2013. This represents a 7% increase from second quarter 2012 Google network revenues of $2.98 billion.

  • Other Revenues – Other revenues from Google were $1.05 billion, or 8% of total Google revenues, in the second quarter of 2013.  This represents a 138% increase over second quarter 2012 other revenues of $439 million.

Motorola Mobility pulled in $998 million in revenue for the quarter, up from $843 million during the second quarter of last year. Still, Motorola Mobility posted a $342 operating loss for the quarter – a more significant loss than the $299 million loss posted in Q2 2012.

“Google had a great quarter with over $14 billion in revenue – up 19% year-on-year,” said Larry Page, CEO of Google. “The shift from one screen to multiple screens and mobility creates tremendous opportunity for Google. With more devices, more information, and more activity online than ever, the potential to improve people’s lives even more is immense.”

Google said it now has $54.4 billion in cash on hand and employs 44,777 full-time employees, 4,599 of which are part of Motorola Mobility. The company’s stock price is down 7.76 points at $910.79 in after hours trading.


Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...

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