Google hits first $50 billion a year

Posted on Wednesday, January 23 2013 @ 12:06 CET by Thomas De Maesschalck
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Google announced its fourth quarter 2012 earnings and revealed that it had its first $50 billion revenue year as revenues were up 36 percent year-over-year, and 8 percent quarter-on-quarter. Full details at Guardian.
Google reported $14.4bn (£9bn) in revenues for the fourth quarter of 2012 as the company announced its first ever $50bn year. The revenues comfortably beat analysts' expectations and were 36% higher than the same quarter last year but the firm also provided fresh evidence of how the shift to mobile is hitting the value of online advertising.

"We ended 2012 with a strong quarter," said Larry Page, Google's co-founder and CEO. "Revenues were up 36% year-on-year, and 8% quarter-on-quarter. And we hit $50bn in revenues for the first time – not a bad achievement in just a decade and a half."


About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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