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Google posts latest Q4 and full year 2014 earnings
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Google has just posted their most recent Q4 and full year 2014 financial reports, following the likes of Samsung, LG and LG Display. The search giant managed to pull in $66 billion in 2014, up 19% year over year. In Q4 alone, the company made $18.1 billion, which is a 15% increase from Q4 2013. Net income for Q4 2014 is up $4.76 billion from $3.38 billion the year prior.
Sites owned by Google generated $12.43 billion in Q4, which is 69% of the company’s total revenue. Site revenue from Q4 2013 only came out to $10.54 billion, which makes is an 18% increase year over year. Google’s partner sites generated $3.72 billion, which is 20% of the company’s revenue in Q4. The vague ‘other revenues’ section made $1.95 billion in Q4, making up 11% of the company’s revenue. While the earnings report doesn’t give much information on the ‘other revenues’ section, this is the part that includes Google Play. This section saw a 19% increase year over year, and a 6% increase from Q4 2013. Last but not least, the company’s revenue from outside of the US brought in $10.23 billion, which represents 56% of their Q4 2014 earnings.
Google closed the sale of Motorola to Lenovo on October 29th, 2014. Not including taxes, that sale resulted in a gain of $740 million. Android is a huge part of what Google makes from year to year, and while we don’t have any financial statistics on that, we do have a report from earlier today explaining just how many Android phones we sold in 2014. Over one billion Android smartphones shipped last year, making up a massive 81% of all smartphone shipments. Also during the conference call, Google CFO Patrick Pichette admitted to the company not being able to keep up with stock for the Nexus 6.