News Byte: Google Announces Q3 2013 Results
Google headquarters in California.
Search engine behemoth Google today announced consolidated revenues of $14.89 billion for Q3 2013, a 12% jump from the same period last year.
“Google had another strong quarter with $14.9 billion in revenue and great product progress,” Larry Page, CEO of Google, stated in a press release. “We are closing in on our goal of a beautiful, simple, and intuitive experience regardless of your device.”
When it comes to advertising, Google saw its share of hits and misses. Aggregated paid clicks, or clicks on ads served on Google and its network members' sites, increased by approximately 8% since Q2 2013 and by 26% since Q3 last year. However, the average cost-per-click dropped 4% since Q2 2013 and 8% since Q3 2012.
In addition, Google's May 2012 acquisition of Motorola Mobility proved to be unfruitful. Motorola Mobile segment revenues plummeted from 1.78 billion in Q3 2012, or 13% of consolidated revenues, to $1.18 billion, or 8% of consolidated revenues, this year.