WSJ: YouTube planning new ad-targeting system after earning $4B in 2014 without profit

youtube-croppedAccording to a new report out of The Wall Street Journal, Google’s YouTube unit posted a revenue of nearly $4 billion in 2014, but did not earn a profit of any kind. The $4 billion in revenue during 2014 is up from $3 billion in 2013. YouTube accounted for about 6 percent Google’s overall sales last year.

In an effort to remedy remaining unprofitable, YouTube is planning to launch a new ad-targeting system later this year, the WSJ says, though details remain unclear. …

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Motorola reports 10 million smartphones sold last quarter, up 118 percent year over year

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Lenovo this evening has reported its calendar Q4 2014 earnings, and as is well-known, Motorola is now a part of the company, so the earnings are bit more interesting this time around. According to the earnings release, Motorola Mobility sold 10 million smartphones last quarter, which is up 118 percent compared to the year ago quarter.

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Google: Users have casted content 1 billion times, Chromecast most popular streaming device in U.S.

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Google’s Chief Business Officer Omid Kordenstani gave several updates on the status of the company’s $35 Chromecast streaming device during the this evening’s Q4 2014 earnings call. Kordenstani first stated that users have “casted” content to their television more than one billion times. The company says that this is a huge milestone for the streaming stick and the implementation of the Cast functionality in a variety of different apps.

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Google CFO admits the company has been unable to keep up with Nexus 6 demand

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During the company’s Q4 2014 earnings call, Google Chief Financial Officer Patrick Pichette addressed a few of the reasons for the company’s slower than expected quarter. Pichette said that one issue Google had was keeping up with demand the demand for the Nexus 6. Pichette noted that while the device was well received, the company simply couldn’t get the inventory to keep up with consumer demand.

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Google CFO: Google Glass team missed hurdles, needed a fresh strategy

A visitor is testing the new Google Glasses at the international fair for digital economy 'NEXT Berlin 2013' in Berlin, Germany, 24 April 2013.  NEXT Berlin 2013 is an international trade for which serves as a platform of digital innovations from the worl

The Google Q4 2014 earnings call is happening right now, and Google CFO Patrick Pichette took a second to speak about projects that miss their goals and how Google asks them to “take a pause” to reset their strategy. Google Glass, and the recent decision to graduate the project out of Google [x] was used as an example of one of these situations…

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Google announces Q4 2014 earnings: $18.1B revenue, $6.88 EPS, $4.76B net income

Google is out today with its Q4 2014 earnings results from the holiday quarter. The company reports revenue of $18.1 billion, earnings per share of $6.88, with net income of $4.76 billion.

“Google’s full year revenue for 2014 was $66 billion, up 19% year on year,” said Patrick Pichette, CFO of Google, “and this quarter, our revenue was $18.1 billion, despite strong currency headwinds.”

Google will host a live earnings call (embed above) with investors and analysts to discuss its earnings report at 1:30 PM (PT) / 4:30 PM (ET) today.

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LG posts 78% smartphone growth in US holiday quarter over last year

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LG posted its quarterly earnings numbers today and boasted  impressive numbers in its smartphone group. Globally, Smartphone sales were up 24% but in the US alone, smartphones shipments were up 78% for the quarter year over year. LG ended the year having moved 59.1 million smartphones, bolstered by its popular G3 flagship. Those aren’t Apple numbers by any stretch but still very solid.

LG also posted growth in its home entertainment sector but a net loss overall for the quarter mostly due to charges related to shutting down its Plasma business.

SEOUL, Jan. 29, 2015 ― LG Electronics Inc. (LG) today announced net profit of KRW 501.40 billion (USD 474.81million) for full-year 2014, an increase of 125 percent over 2013 net profit. Operating profit increased significantly in 2014 to KRW 1.83 trillion (USD 1.73 billion) from KRW 1.25 trillion (USD 1.14 billion) in 2013, an increase of 46 percent. Full-year consolidated revenue of KRW 59.04 trillion (USD 55.91 billion) was mainly boosted by a 24 percent increase in smartphone shipments.

The LG Mobile Communications Company reported a 16 percent increase in annual revenue to KRW 15.06 trillion (USD 14.26 billion) with help from North America, where shipments increased 78 percent during the fourth quarter of 2014 from the previous year. Fourth-quarter revenue of 3.78 trillion (USD 3.48 billion) was 5 percent higher than the same period in 2013. A total of 59.1 million smartphones were shipped in 2014, an increase of 24 percent from the previous year, among 78.2 million mobile handsets sold last year. Expecting a challenging year ahead with greater competition globally from various manufacturers, LG will concentrate on improving its brand power, operating more efficiently, and focusing on selective key markets.

Samsung issues Q4 2014 earnings guidance, expects 37% decrease in profit year-over-year

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Samsung tonight has issued its earnings guidance for the fourth quarter of 2014. The company says that it expects to, yet again, report a decline in operating profit and sales. Samsung estimates that its operating profit for Q4 2014 as 5.2 trillion won, or $4.5 billion. That’s a decrease of roughly 37 percent when compared to the $8.3 billion reported in Q4 2013. The number does, however, beat analyst expectations of 4.8 trillion won.

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Samsung reports 74% drop in mobile profits as Galaxy sales continue to decline

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After warning investors that its third-quarter financial results will once again miss analyst expectations, Samsung on Wednesday reported a 74% drop in mobile profits during the three-month period ending September. The reason behind the significant decline: not as many people are buying the latest Galaxy smartphones as they used to. Read more

GOOG Q3 2014 earnings a miss, stock down in after hours trading

 

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Google reported Q3 2014 earnings today that didn’t quite meet analyst expectations. Sales rose 20% to $16.52 billion in the quarter. Profit was $6.35 a share. Analysts’ expectations were $16.59 billion and profit of $6.54 a share.

“Google had another strong performance this quarter, with revenue up 20% year on year, at $16.5 billion,” said Patrick Pichette, CFO of Google.  “We continue to be excited about the growth in our advertising and emerging businesses.”

It will be interesting to see what Google has to say for themselves when they talk earnings at 4:30.

The call will be live, above.

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Samsung warns Q3 profits will again miss analyst expectations, blames imploding smartphone margins

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Samsung on Monday night issued a statement warning that its third-quarter earnings would be considerably weaker than it initially expected. The South Korean company stated that it expects a third quarter operating profit of 4.1 trillion won, or $3.8 billion, and sales of 47 trillion won. Both of these numbers are below Reuters’ forecasts of 5.6 trillion won in operating profit and 50.9 trillion in sales (via CNBC).

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