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. We're listening in on the earnings call as we speak, but here's your 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.