Google reports revenue up 22% in Q2 earnings report, income rises to $4.26 billion
Revenue hits $16 billion on the quarter as company reports steady growth
Even in the glory days of publishing we never saw the kind of steady growth that Google has managed to achieve – even in percentage terms. For publishers looking to see where their ad dollars have gone, look no further than the chart below.
The search giant today reported that Q2 2014 revenue hit $16.0m billion, up 22 percent from a year ago. For the first half of the year, revenue exceeded $30 billion for the first time.
“Google had a great quarter with revenue up 22 percent year on year, at $16.0 billion”, said Patrick Pichette, CFO of Google. “We are moving forward with great product momentum and are excited to continue providing amazing user experiences, with a view to the long term.”
Operating income came in at $4.26 billion versus $3.47 billion the year before. That number is a bit below Wall Street expectations – but don’t get me going on about analyst forecasts.
Next week Microsoft, Apple and Amazon will report earnings.
Here is a breakdown of Google by revenue source:
- Sites Revenues – Google sites generated revenues of $10.94 billion, or 69% of total revenues, in the second quarter of 2014. This represents a 23% increase over second quarter of 2013 sites revenues of $8.87 billion.
- Network Revenues – Partner sites generated revenues of $3.42 billion, or 21% of total revenues, in the second quarter of 2014. This represents a 7% increase over second quarter of 2013 network revenues of $3.19 billion.
- Other Revenues – Other revenues were $1.60 billion, or 10% of total revenues, in the second quarter of 2014. This represents a 53% increase over second quarter of 2013 other revenues of $1.05 billion.
- International Revenues – Revenues from outside of the United States totaled $9.33 billion, representing 58% of total revenues in the second quarter of 2014, compared to 57% in the first quarter of 2014 and 55% in the second quarter of 2013.