Revenues and operating income increase, but Motorola posts operating loss of $248 million
Google has just announced its Q3 2013 earnings, and it’s another solid quarter for the search giant. Here is a brief breakdown of the financials:
- $14.89 billion in revenues, up 12 percent year-over-year
- Operating income of $3.44 billion, 23 percent of revenues, up from 2.74 billion last year
- Net income of $2.97 billion, up from 2.18 billion last year
- Earnings Per Share of $8.75, up from $6.53 last year
Google-owned sites made up $9.39 billion, or 68 percent, of total Google revenues, with Google Network bringing in $3.15 billion and “other” a total of $1.23 billion. 56 percent of Google revenues came from countries other than the U.S., which is just slightly higher than Q3 2012.
Motorola posted revenues of $1.18 billion, or 8 percent of Google’s revenues in the quarter. That’s down from $1.78 billion and 13 percent of revenues in Q3 2012. In the end, Motorola still posted an operating loss of $248 million, negative 21 percent of its revenues. That compares to a $192 million loss, negative 11 percent, in the same quarter last year.
