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Thursday, October 17, 2013
Google Revenue Rises in Third-quarter

Google's advertising business expanded boosting the company's 3Q revenue, while losses deepened at its Motorola mobile phone business.

"Google had another strong quarter with $14.9 billion in revenue and great product progress," said Larry Page, CEO of Google. "We are closing in on our goal of a beautiful, simple, and intuitive experience regardless of your device."

Google said that its Internet business delivered net revenue, which excludes fees paid to partners, of $10.8 billion in the third quarter, up 23 percent from $8.76 billion in the year-ago period. Paid clicks increased 26 percent year-on-year during the three months ended September 30, while the average cost-per-click decreased 8 percent.

Google said it earned $2.97 billion in the three months ended September 30, compared to $2.18 billion, or $6.53 per share, last year.

Google's consolidated revenue of $14.89 billion, compared to the $14.79 billion average analyst estimate.

Operating loss at Motorola, Google's mobile phone business, totaled $248 million during the third quarter, compared to a loss of $192 million in the third quarter of 2012.

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