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Google posts latest Q4 and full year 2014 earnings
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.