Google reported its revenues for the fourth quarter at $14.43 billion, which was up 36% for the same period one year ago. The quarterly revenues brought the annual revenue for the Internet search giant to more than $50 billion. It marks the first time in the company’s history that revenues exceeded the $50 billion mark.
Excluding costs for traffic-acquisition, Google saw its net revenue reach $9.83 billion, which was up from last year’s $8.13 billion during the same reporting period. The expectations of analysts’ on Wall Street were eclipsed by the results.
Larry Page, CEO of Google, said the company ended 2012 with a very strong quarter with revenues 36% higher than last year’s fourth quarter and 8% higher than the third quarter of 2012.
Paid clicks, which are clicks related to the ads that are served on different Google sites and on its partners’ sites, jumped 24% in comparison to the 2011 fourth quarter and was 9% higher than the third quarter of 2012. Advertising revenue overall increased 19%, compared to 2011’s fourth quarter rise of 25%.
Motorola Mobility has continued to be a thorn in the side of Google, reporting a $353 million operating loss in the fourth quarter of 2012. Motorola Home was sold last month to Arris and Google said its revenues in Motorola would have reached $15.2 billion if that unit had been included in the quarterly figures.
