Google announces Q3 2013 earnings: $14.9 billion revenue, $3.64 billion in net income

Google-Q3-earnings

Google just released its earnings report for Q3 2013, announcing $10.74 per share on consolidated revenue of $14.9 billion. That’s compared to the 19% year-over-year growth with $14.11 billion in revenue it reported last quarter, and up around 12% from the $14.10 billion in revenue it reported in the year ago quarter. It’s also slightly higher than the average of around $14.80 billion in revenue and $10.35 per share Wall Street predicted.

Google also reported $3.64 billion in net income (up from $2.96 billion last year), $56.52 billion in cash and cash equivalents, and operating income of $4.34 billion (29% of revenues), up from $3.76 billion in the same quarter last year.

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.”

Of the $14.9 billion in revenue it reported for Q3, Google’s sites and other services accounted for 92% of consolidated revenues, or $13.77 billion, while Motorola accounted for the remaining 8%, or $1.18 billion. Goog also reported a $248 million operating loss for Motorola, which is around 21% of the unit’s revenues and up from a loss of $192 million last year.

Larry Page also announced during the earnings call today that YouTube revenue is now at 40% on mobile up from just 25% last year.

Google’s headcount is also down again this quarter to 46,421 full-time employees (42,162 in Google and 4,259 in Motorola Mobile) from the 44,777 full-time employees it had in June.

GOOG closed the day hovering around 888, down approximately 1%, but shot up over 50 points in after hours trading to over 940 and rising.

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The full report is below: Read more

Google posts earnings call live stream, analysts expect $14.82 billion in revenue

Google is set announce its earnings for the third quarter of 2013 in less than an hour, and ahead of its call with investors, the company has posted a live stream of the call on YouTube. Last quarter, Google reported $14.11 billion in revenue, which was up 19 percent year over year. The number was, however, lower than the $14.45 billion that Wall Street was expecting.

This quarter, analysts are expecting revenue of $14.82 billion, up from $11.33 billion in the third quarter of last year. Analysts expect a net income of $3.5 billion, or $10.35 per share, up from the $3 billion, or $9.03 per share, year over year.

We’ll have all of Google’s announcements when they are made, which is slated to happen at 4:30 ET. Read more

Opinion: With results like these, does Google+ have a future?

gplus

Following a report back in July showing that Google+ gets only 2 percent of social sharing, new figures from Shareaholic (via Marketing Land) reveal that the service drives an average of 0.06 percent of all referral traffic. This contrasts with Facebook at 8.11 percent, Pinterest at 3.24 and Twitter at a surprisingly low 1.17.

Google+ traffic is also growing at a far slower rate than other social media.

Shareaholic also says that Google+ is growing the slowest as a referral source at just 6.97 percent over the past year. Referrals from Facebook (58.81 percent), Pinterest (66.52 percent), Twitter (54.12 percent) and YouTube (52.86 percent) all grew more than 50 percent since September 2012.

Viewed against a backdrop of Google’s aggressive promotion of the service, making it virtually impossible not to have a G+ account by linking it to every product the company has, it does make me question whether Google+ has a long-term future …  Read more

Leaked screenshots show updated Play Store app with slide-out navigation

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Over the past few weeks, everyone has been heavily focused on the forthcoming KitKat update and Nexus 5, but Android Police has obtained screenshots of something that should be rolling out to everyone soon. According to the site, Google is currently in the process of redesigning the Play Store, yet again. The changes will keep up with what Google has been doing to its other apps.

The biggest user-interface change comes with the new slide-out navigation panel, which is commonly referred to as “hamburger-style” navigation. In the current version of the Play Store, all of the options are put into a single menu in the upper right corner. With this Play Store update, the menu options will be reduced to just settings and help, while everything will move to the navigation panel.

  • Store home
  • My apps, My movies & TV, etc., (varies depending on what section of the Play Store you are in)
  • Shop (only appears at certain times)
  • My wishlist
  • Redeem

As far as release timeframe goes, Android Police expects the update to go live with Android 4.4 at the very minimum, but notes that it may go out earlier. It will compatible with all versions of Android back to Froyo. The blog also notes that the design is a work in progress and may very well change several times before release.  Read more

KitKat tweets hint of October 28th launch for Android 4.4

(via KITKAT on Twitter)

Following leaked images allegedly showing off Android 4.4 and an eight-minute video hands-on with the Nexus 5 and the next version of Android, KitKat has done its part in hyping the chocolate-branded version of Android with a few notable tweets.

The candy bar maker dropped a couple of cryptic tweets yesterday and today, which Pocket-lint believes it has decrypted, hinting at Android 4.4 possibly launching on October 28th.

KitKat tweeted an image early Tuesday morning of an Android made out of the chocolate candy bar with a caption containing a magnifying glass (for Google Search or a sign that it’s meant to be a clue?), and the tweet itself read ‘Everybody dance now!’ This references the song “Gonna Make You Sweat (Everybody Dance Now)” by C+C Music Factory, but their original name was The 28th Street Crew.

The original tweet alone would be quite a stretch for assuming Android 4.4 would debut on October 28th, but roughly 24 hours later KitKat tweeted, “Sometimes you have to look for the signs…”, which clearly explains the nature of the tweets. This time it included KitKat bars arranged to say “THIS IS IT”, the Michael Jackson concert-film released on October 28th as Pocket-lint notes.

Could we see more clues ahead of the anticipated launch of Android 4.4? We’ll keep you posted. In the meantime, check out the tweets for yourself below the fold, and let us know what you think:

Read more

Google ad tells emotional story of lost Indian boy who found his family 25 years later

We first brought you the story of a 30-year-old man finding his lost mother and family using Google Earth earlier this year, and Google has posted an emotional video on YouTube of Saroo Brierley telling his story of technology leading to his reunion.

Brierly was disconnected from his family at the age of five in a turn of tragedy, and decades later saw Google Earth as an avenue to search the streets he recollected in fragments for answers of his origin. Check out the compelling video below: Read more

Redesigned Netflix for Android app rolling out on Google Play

Netflix-Android-v3.0-01

A redesigned Netflix app for Android is currently rolling out slowly to users through Google Play. Version 3.0 of the app brings a revamped UI with a slide-out navigation panel on the left, and the entire app has been given a fresh coat of paint that instantly feels easier to navigate than the previous experience.

The updated app also includes streamlined lock screen controls when streaming to Chromecast, and a number of performance enhancements are noticeable throughout. The app is still in the process of rolling out, but version 3.0 should be hitting Google Play for you any minute. More screenshots below: Read more

Cheeky but clever LG phone ads auto-target Samsung, HTC & Apple handsets

samsung

Advertising Age reports on a clever mobile ad campaign by LG, in which browser identifiers are used to display an ad targeted directly at the handset being used.

To promote the brand’s G2 smartphone, [ad agency M&C Saatchi] created a series of banners that recognized — and responded snarkily — to the competitor phones on which they appeared.

In the example above, the ad seen by owners of the Samsung Galaxy S4 promotes the faster processor speed of the LG G2. See the HTC and Apple versions below …  Read more

Square launches Square Cash, allowing money transfers between anyone through email

Square has just launched a new service called Square Cash, which allows quick money transfers between any two parties using through an email. Contrary to what you might be expecting, you don’t need to sign up or get all of your friends onto Square Cash to share funds. Instead, you just need to link a debit card to your account.

Read more

Amazon partnering with HTC for highly rumored Amazon Phone

Amazon has long been said to be working on a smartphone carrying its brand, and it looks like it HTC could be its hardware partner.

That’s according to a report from the Financial Times, which cites people familiar with the project in saying that three different smartphones are currently in development with one being “at an advanced stage of development.”

“We have been very focused on building our own brand, but we have also been very open to co-branding and collaborating with carriers and other technology brands,” HTC chief of marketing Ben Ho told the Financial Times, but declined to comment on any specific relationship with Amazon.

Shipping a phone with both the HTC and Amazon logos would mean more than just branding for the phone, as Amazon would be able to take over much of the Android operating system experience as it has done with the Kindle Fire tablets. HTC partnered with Facebook earlier this year for the not-so-popular-now HTC First featuring Facebook Home, but borrowing software features from the Kindle Fire like Mayday, an Amazon support service for users, could prove valuable to both HTC and Amazon and be very appealing to new users in a saturated smartphone market. Read more

Sony Xperia Z1, Xperia Z Ultra, & SmartWatch 2 now available in the U.S.

Sony originally only announced availability for Europe when it first unveiled its new flagship Xperia Z1, Xperia Z Ultra, and SmartWatch 2 during IFA last month, but today the company has officially put all three devices up for sale in the US. Available through Sony’s website now, the Xperia devices are selling unlocked in black, white, and purple and start at a hefty $649, while the SmartWatch 2 is now available from Sony’s website for $199.

The Xperia Z1, which packs in a 5-inch display, 20.7MP camera, and quad core processor, will start at $649.99, but that model, however, will only offer HSPA+ support and not LTE connectivity. That same price will get you the bigger 6.4-inch Xperia Z Ultra with HSPA+, but for LTE connectivity you’ll have to hand over $679. The new Xperia devices have a lot to offer– superior camera systems, beautiful large displays, and premium hardware– but the off-contract price means Sony is certainly a little higher than we were hoping for. There’s no word yet on carrier partners, but the latest rumors hint that T-Mobile might be the first.  Read more

Google to track mobile app usage via Mobile Meter app

Image: digitallifeplus.com

Image: digitallifeplus.com

Google has confirmed it’s working on a Mobile Meter app for both Android and iOS to allow it to monitor how smartphone owners use mobile apps. But no need for any privacy panicking: the app will be available only to those who have opted in to Google’s Screenwise paid market research panel, reports Engadget.

The Mobile Meter apps will replace an older method that allowed panelists to participate, helping Google measure media consumption across all screens but with more accurate results on mobile. Both the Android and iOS apps will be submitted to their relevant app stores in the near future, although only panelists will be able to actually use them …  Read more