Google's Q1: $11.01B in adjusted revenue, $11.58 earnings per share

Google's Q1: $11.01B in adjusted revenue, $11.58 earnings per share

Summary: CEO Larry Page kept things very brief (and rounded upward) in prepared remarks.


It was a big day for Silicon Valley on Wall Street as IBM, AMD, Microsoft and Google all turned in quarterly earnings reports after the bell on Thursday.

Let's take a look at how the Mountain View, Calif. corporation did.

The Internet giant reported first quarter earnings of $3.35 billion, or $9.94 cents a share (statement). Non-GAAP earnings were $11.58 a share on a consolidated revenue of $13.97 billion. Traffic acquisition costs (TAC) totaled $2.96 billion.

That's up by approximately 31 percent annually. The adjusted revenue is then $11.01 billion.

Wall Street expected Google to report Q1 earnings of $10.66 a share on revenue of $14.23 billion (including TAC).

A bit of a wobbly landing, but Google shares were initally up by 2.8 percent in after hours trading.


CEO Larry Page kept things very brief (and rounded upward) in prepared remarks:

We had a very strong start to 2013, with $14.0 billion in revenue, up 31% year-on-year. We are working hard and investing in our products that aim to improve billions of people's lives all around the world.

There will be plenty more talk about the financials and some big products on the way for Google during this afternoon's quarterly conference call.

Expect questions about Google Glass, Google I/O in San Francisco next month, and the future of the Android unit following the recent departure of Andy Rubin.


Until then, here are some of the other big numbers from Google's Q1:

  • Q1 revenue from outside of the United States totaled $7.1 billion, representing 55 percent of total Google revenue during the first quarter, a sliver of an increase from 54 percent at the end of Q4 2012.
  • The Motorola unit turned in revenue of $1.02 billion, accounting seven percent of Google's consolidated  revenue.
  • But Motorola also reported a GAAP operating loss of $271 million, down 27 percent.
  • Worldwide, Google employed 53,891 full-time employees (38,739 at Google and 9,982 from Motorola Mobile and 5,170 in Motorola Home) as of March 31. That's slightly up from 53,861 full-time employees as of December 31, 2012.

Slides via Google Investor Relations

Topics: Google, Android, Software, Tech Industry, Google Apps

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  • Just so we are clear though, MS is about to die

    MS Revenue: $18-20 Billion (increase of 8-20% so in INFINITY years, revenue will be $0)
    Google Revenue: $14 Billion

    MS Income: $6-7 Billion (increase of 5-19% so in INFINITY years, earnings will be $0)
    Google Income: $3 Billion

    MS EPS / share price: 2.4%
    Google EPS / share price: 1.3%

    But yeah, THIS is the year MS dies. "As long as it takes" for Ballmer to destroy MS? At this rate, it will take INFINITY years.
    • The MS shills are worried

      MS founded 1975, mkt cap $241bn

      Google founded 1998 , mkt cap $252bn

      Google revenues after 14 years (2012) $50bn

      MSFT revenues after 14 years (1989) $0.8bn (unadjusted)
      Alan Smithie
      • Simple question

        If someone was an MS shill, why would they be worried? If Google is doing better in its first 14 years than Microsoft was doing in its first 14 years, how does that take the billions of dollars of profits, the record revenues, and the growth in 2013Q3 and turn them into something that an MS shill would be worried about?

        I'll wait.

        As daikon wrote below: kudos Google.

        And kudos to Microsoft.

        2 companies doing fantastically well. But let's face it, anyone calling for MS's death and not Google's death is an idiot hypocrite. Oh hi Alan Smithie, didn't see you there.
      • You needed to play with statistics, in order to make Google look good,

        but the underlying facts about the CURRENT state of affairs is that, Microsoft is doing a lot better than Google, and it just means that, Google is way overpriced in its stock, and nor performing as well as Microsoft's.

        The quarterly reports cannot be spun to say things that they don't. Google is not doing as well as Microsoft, period.
  • Google's Q1: $11.01B in adjusted revenue, $11.58 earnings per share

    Google is making all this money off of your data and you guys won't see a dime of it. This money goes into funding the game room at Google HQ along with other office toys. You are paying for it and you don't even get to use it. Time to switch away.
  • Google's Q1: $11.01B in adjusted revenue, $11.58 earnings per share

    Kudos Google.
    • Any bottom line that shows positive earnings, is good, BUT...

      Google is not performing up to expectations.

      Kudos for the earnings, but boo for under-performing and not producing great results for the stock owners.