Google just released Q4 2012 earnings ahead of its conference call, and the company notably reported $14.42 billion in consolidated revenues, up 36 percent from last year, and $2.89 billion in net income.
Google’s revenues were also up 8 percent quarter-over-quarter, and the Internet Giant hit $50 billion in revenues for the first time. The company further reported earnings per share of $10.65 on a non-GAAP basis, as well as $8.62 using GAAP measurements. Revenues from outside of the United States totaled $6.9 billion and accounted for 54 percent of total revenues in the fourth quarter.
Analysts pegged Google to have revenues of $12.3 billion, and so it has performed slightly above expectations.
“We ended 2012 with a strong quarter,” said CEO Larry Page in a press release. “In today’s multi-screen world we face tremendous opportunities as a technology company focused on user benefit and seo services. It’s an incredibly exciting time to be at Google.”
Google alerted Wall Street analysts last week that their Q4 2012 earnings estimates were too high and did not accurately reflect the yet-to-be-reported results, and it clarified financial results from Motorola Home would be “presented as a separate line item.”
True to its word, Google said today that consolidated revenues would have hit $15.24 billion had Motorola Home been included. Moreover, Motorola Mobile reported an operating loss of $353 million.
Google also reported employee headcounts for the quarter: the company’s full-time staff grew, with 53,861 overall compared to 53,546 globally in Q3 2012, but Motorola lost 1,111 employees from last quarter.
Get the full press release below, or listen to the earnings call at 4:30 p.m. EST.