Google Reports Record Revenue and Beats Wall Street Expectations, Go Figure

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News Posted: Fri, Jan 31 2014 9:48 AM
Google is one of those companies that pretty much has a license to print money. To wit, the search giant reported consolidated revenues of $16.86 billion for the quarter ended December 31, 2013, which is 17 percent higher than the same quarter a year prior. The company's operating income climbed to $4.84 billion, up 29 percent from $4.27 billion the fourth quarter of 2012.

Ending the year on a strong note brought Google's tally to $57.86 billion for the full year. It's the second year in a row that Google has topped $50 billion in revenue, having collected $50.18 billion in 2012, up from $37.91 billion in 2011. Not included in any of those figures is Google's sale of Motorola Mobility to Lenovo for $2.91 billion, which it announced earlier this week.

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"We ended 2013 with another great quarter of momentum and growth. Google's standalone revenue was up 22 percent year on year, at $15.7 billion," said Larry Page, CEO of Google. "We made great progress across a wide range of product improvements and business goals. I'm also very excited about improving people's lives even more with continued hard work on our user experiences."

Google's traffic acquisition costs (TAC) -- money it must pay its partners -- rose to $3.31 billion in the fourth quarter of 2013, up from $3.08 billion in the fourth quarter of 2012. Most of those funds go to Google's network members, though it also includes money paid to certain distribution partners and others who direct traffic to Google.

The sultan of search now employs 47,756 full time workers around the world.
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