Google announces Q3 2014 earnings: revenue up 20 percent year over year

Google has now announced their Q3 2014 earnings and unsurprisingly, revenue for the company is up year over year. This time around, reported consolidated revenues of $16.52 billion for the quarter ending September 30, 2014, amounting to an increase of 20 percent compared to the third quarter of 2013.

Q3 Financial Highlights

• Revenues and other information - Google Inc. revenues for the quarter ended September 30, 2014 were $16.52 billion, representing a 20 percent increase over third quarter of 2013 revenues of $13.75 billion.
• Sites Revenues - Our sites generated revenues of $11.25 billion, or 68 percent of total revenues, in the third quarter of 2014. This represents a 20 percent increase over third quarter of 2013 sites revenues of $9.38 billion.
• Network Revenues - Our partner sites generated revenues of $3.43 billion, or 21 percent of total revenues, in the third quarter of 2014. This represents a 9 percent increase over third quarter of 2013 network revenues of $3.15 billion.
• Other Revenues - Other revenues were $1.84 billion, or 11 percent of total revenues, in the third quarter of 2014. This represents a 50 percent increase over third quarter of 2013 other revenues of $1.23 billion.
• Operating Expenses - Operating expenses, other than cost of revenues, were $6.10 billion in the third quarter of 2014, or 37 percent of revenues, compared to $4.58 billion in the third quarter of 2013, or 33 percent of revenues.
• Operating Income - GAAP operating income in the third quarter of 2014 was $3.72 billion, or 23 percent of revenues. This compares to GAAP operating income of $3.76 billion, or 27 percent of revenues, in the third quarter of 2013. Non-GAAP operating income in the third quarter of 2014 was $5.36 billion, or 32 percent of revenues. This compares to non-GAAP operating income of $4.62 billion, or 34 percent of revenues, in the third quarter of 2013.

Speaking on the results, "Google had another strong performance this quarter, with revenue up 20% year on year, at $16.5 billion," said Patrick Pichette, CFO of Google. "We continue to be excited about the growth in our advertising and emerging businesses."

Source: Google