Google has once again beat analysts’ expectations by posting consolidated revenues of $14.89 billion for the quarter that ended September 30, 2013. Consolidated revenues for the previous quarter were 12 percent higher compared to same quarter in 2012.
“Google had another strong quarter with $14.9 billion in revenue and great product progress,” said Larry Page, CEO of Google. “We are closing in on our goal of a beautiful, simple, and intuitive experience regardless of your device.”
Of the reported consolidated revenue, Google segment revenues make up 92 percent, or $13.77 billion, representing a 19 percent increase from the same quarter in 2012 at $11.53 billion. The segment revenues are divided into site revenues at $9.39 billion, or 68 percent of total Google segment revenues, network revenues at $3.15 billion, or 23 percent of total Google segment revenues, and other Google revenues at $1.23 billion, or 9 percent of total Google segment revenues. All the segments saw an increase compared to last year’s numbers.
Google also highlighted that 40 percent of YouTube videos are now being consumed in mobile devices, a huge increase in mobile traffic compared to last year’s 25 percent.
Unfortunately, Motorola Mobility is still not helping Google financially, posting a segment operating loss of $248 million, or -21 percent of Motorola Mobile segment revenues. Motorola posted segment revenues of $1.18 billion, or 8 percent of consolidated revenues in the third quarter of 2013, lower than the $1.78 billion it posted in the same quarter of last year. One factor to consider however, is that the Moto X was released in the quarter that just ended, so numbers could change in the fourth quarter, especially since the holiday season tends to boost sales of smartphones.