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Google Q1 2013 earnings show revenue up 31% year-over-year
Google released its Q1 2013 earnings report today, showing signs of continued growth and prosperity. The quarter ended March 31, with Google reporting revenue of $13.97 billion, a 31 percent increase compared to Q1 2012. Included in that figure, traffic acquisition costs came out to $2.96 billion. Operating income was $3.48 billion, slightly up from $3.39 billion in the first quarter of 2012.
Net income for the first quarter was $3.35 billion, an increase of $460 million compared to a year prior. Earnings per share were $9.94, while stock-based compensation expenses totaled $697 million.
Here are other important figures:
- Google-owned sites accounted for 67 percent of all revenue at $8.64 billion.
- Partner sites generated $3.26 billion or 25 percent of all revenue.
- At 55 percent of total revenues, more money came from outside of the U.S. ($7.1 billion)
- Operating expenses were $4.55 billion, up from $3.47 billion in Q1 2012.
- Paid clicks have grown 20 percent from Q1 2012.
- Motorola Mobility generated just $1.02 billion in revenue, down from $1.51 billion in Q4 2012.
- Google now has $50.1 billion in cash, cash equivalents, and marketable securities.
The tech giant also reported they employ 53,891 people full-time, worldwide. Their stock opened today at $785/share, but is currently at $777/share after hours, which is up 11 points from a low today of $766/share. While Google didn’t meet some analysts’ expectations with earnings of $10.70/share on $14.3 billion in revenue, they finished the first quarter of 2013 ahead in earnings, but slightly behind forecasts. Not meeting forecast expectations is the reason for the slight dip in stock price, but should rebound fully in the coming days.