Google Q1 2014: $15.4B But Misses, Paid Clicks Up, CPCs Down

Google announced quarterly revenues this afternoon. The company said it had “consolidated revenues” of $15.42 billion (including Motorola), up 19 percent vs. last year.

However, neither the topline nor earnings per share beat financial analysts’ expectations. Accordingly, the stock is down nearly 6 percent in after-hours trading.

Below are some of the highlights from the earnings release and presentation:

  • Total revenues: $15.42 billion (vs. $12.95 billion in Q1 2013)
  • Google sites: $10.47 billion (up 21 percent)
  • Network: $3.40 billion (up 4 percent)
  • Non-US revenue: $8.76 billion (57 percent of total); UK revenue: $1.58 billion (10 percent of total)
  • Paid clicks up 26 percent vs. Q1 2013 (but down 1 percent vs. Q4 2013)
  • CPCs down 9 percent vs. Q1 2013 (unchanged from Q4)
  • TAC was $3.23 billion (23 percent of ad revenues)
  • Google stated a loss ($198 million) associated with Motorola Mobility, which it is selling to Lenovo.

Google Q1 revenue

Google US vs. International revenue

Highlights from the earnings call:

  • Google CFO Patrick Pichette opened the call with an overview of Q1 2014 earnings, confirming strong revenue performance in the US.
  • Non-US revenue (excluding the UK) was up 27 percent to 7.2 billion, representing 47 percent of Google’s total revenue.
  • Pinchette said “discreet” legal expenses added to last quarter’s operating costs.
  • Google personnel headcount was up 2,001 people in Q1 2014, totaling 50,000 full-time employees.
  • Chief Business Officer Nikesh Arora ended the call by outlining the four major areas driving Google, specifically naming direct response, helping clients build their brand, Google’s AdTech platform and emerging new businesses.

Related Topics: Channel: Industry | Google | Google: AdWords | Google: Business Issues | Top News

Sponsored


About The Author: is a Contributing Editor at Search Engine Land. He writes a personal blog Screenwerk, about SoLoMo issues and connecting the dots between online and offline. He also posts at Internet2Go, which is focused on the mobile Internet. Follow him @gsterling.

Connect with the author via: Email | Twitter | Google+ | LinkedIn



Marketing Day:

Get the top marketing stories daily!  

Share

Other ways to share:
 

Read before commenting! We welcome constructive comments and allow any that meet our common sense criteria. This means being respectful and polite to others. It means providing helpful information that contributes to a story or discussion. It means leaving links only that substantially add further to a discussion. Comments using foul language, being disrespectful to others or otherwise violating what we believe are common sense standards of discussion will be deleted. You can read more about our comments policy here.

Comments are closed.

Get Our News, Everywhere!

Daily Email:

Follow Marketing Land on Twitter @marketingland Like Marketing Land on Facebook Follow Marketing Land on Google+ Subscribe to Our Feed! Join our LinkedIn Group Check out our Tumblr! See us on Pinterest

 
 

Click to watch SMX conference video

Join us at one of our SMX or MarTech events:

United States

Europe

Australia & China

Learn more about: SMX | MarTech


Free Daily Marketing News!

Marketing Day is a once-per-day newsletter update - sign up below and get the news delivered to you!