Google's Q3 2013 Earnings: $14.9 Billion Revenue, $3.64 Billion Net Income

Starting today, we're going to see a lot of financial numbers coming from many of the companies. Which usually brings good and bad news to companies. This morning we saw that Verizon made $30 million and added 1.1 million new customers in Q3. Seems like every quarter they add another million. Now it's Google's turn (and probably Motorola's in a few minutes).

Google is releasing their numbers right now, as I'm typing up this post. They are announcing $10.74 per share on consolidated revenue of $14.9 billion. Compared to the 19% year-over-year growth with $14.11 billion in revenue they reported last quarter. Along with the $14.10 billion in revenue they reported in this quarter last year. It's slightly higher than the average of around $14.80 billion in revenue and $10.35 per share Wall Street was expecting.

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."

Additional numbers include:

  • GAAP operating income in the third quarter of 2012 was $2.74 billion, or 19% of revenues. This compares to GAAP operating income of $3.06 billion, or 31% of revenues, in the third quarter of 2011. Non-GAAP operating income in the third quarter of 2012 was $3.80 billion, or 27% of revenues. This compares to non-GAAP operating income of $3.63 billion, or 37% of revenues, in the third quarter of 2011.

  • GAAP net income in the third quarter of 2012 was $2.18 billion, compared to $2.73 billion in the third quarter of 2011. Non-GAAP net income in the third quarter of 2012 was $3.01 billion, compared to $3.18 billion in the third quarter of 2011.

  • GAAP EPS in the third quarter of 2012 was $6.53 on 333 million diluted shares outstanding, compared to $8.33 in the third quarter of 2011 on 327 million diluted shares outstanding. Non-GAAP EPS in the third quarter of 2012 was $9.03, compared to $9.72 in the third quarter of 2011.

  • Non-GAAP operating income and non-GAAP operating margin exclude stock-based compensation (SBC) expense, as well as restructuring and related charges recorded in our Motorola business.  Non-GAAP net income and non-GAAP EPS exclude the expenses noted above, net of the related tax benefits. In the third quarter of 2012, the expense related to SBC and the related tax benefits were $715 million and $155 million compared to $571 million and $116 million in the third quarter of 2011.  In the third quarter of 2012, restructuring and related charges recorded in our Motorola business were $349 million, and the related tax benefits were $76 million.

And as far as the break down goes, about 82% of their revenue came from advertising. Guess Google really is all about the ads still. International revenue was around $6.11 billion. So all in all, it's looking good for Google. But then again we didn't expect them to lose much money or make less than last quarter.

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About the Author
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Alexander Maxham

Section Editor
Alex has written for Androidheadlines since 2012 as Editor of the site and traveled the World to many of the biggest Smartphone and Technology events. Alex has a background in Technology and IT and Deep Passion for Everything Android and Google. His specialties lay in Smartphones of all budgets, Accessories, Home Automation and more. Contact him at [email protected]