Google Made A Boatload In 2012

  • $50 billion in total annual revenue
  • Yearly revenue jumped 36% compared to 2011
  • Quarterly net income hit $2.89 billion

Google has raked in the big bucks in 2012 with US$14.42 billion in revenue and $50 billion in total annual revenue for the first time.

  • $50 billion in total annual revenue
  • Yearly revenue jumped 36% compared to 2011
  • Quarterly net income hit $2.89 billion

Google has raked in the big bucks in 2012 with US$14.42 billion in revenue and $50 billion in total annual revenue for the first time. Yearly revenue jumped 36 percent compared to 2011, while quarterly net income hit $2.89 billion.

That doesn't even include revenue generated by Motorola Home, which Google sold off for around $2.35 billion in cash and stock, a deal expected to close this year. With Home, Google could have counted $15.2 billion in revenue.

Geographically, a large chunk of income is coming from the US, $5.99 billion in this quarter, but international markets are still hugely important for the company. 53 percent of its revenues came from overseas ventures, including $1.3 billion from the UK alone.

However, there is a black spot- Motorola Mobility. Though the division racked up $1.51 billion in revenue ($2.3 billion had Home been included), it amounted to $353 million in general accepted accounting principle (GAAP) losses. In non-GAAP numbers, Motorola lost $152 million.

"We are pleased with velocity of change at Motorola, but we are still at the beginning of Google/Motorola story," said Patrick Pichette, senior vice president and chief financial officer at Google. "It will be variable for a while as we continue to restructure the business."

On a different note, CEO Larry Page also touched on the supply issues plaguing the Nexus devices, most famously demonstrated by the Nexus 4. "Clearly there is work to be done managing our supply better as well as building a great customer experience, and that is a priority for our teams," he said.

Also, Nikesh Arora, Google's Senior Vice President and Chief Business Officer, took the time to talk about the spread of YouTube and the earning power of ads. Arora said he estimates Gangnam Style has raked in $8 million through ads.

Leave a Reply