Google Revenue in 2012 Reach $50 Billion - News

by William D'Angelo , posted on 23 January 2013 / 3,750 Views

Google has released its financial report for the fourth quarter 2012 as well as the total sales for the year. Revenue for the fourth quarter which ended December 31, 2012 was at $14.42 billion, a 36 percent increase year-over-year. Profits for the quarter increased to $2.89 billion, from $2.71 billion the same quarter 2011.

Total sales for 2012 reached $50.18 billion for the first time in the company's history. Revenue in 2011 reached $37.91 billion. Profits for the full year increased to $10.74 billion, from $9.74 billion a year ago.

"We ended 2012 with a strong quarter," said Larry Page, CEO of Google. "Revenues were up 36% year-on-year, and 8% quarter-on-quarter. And we hit $50 billion in revenues for the first time last year – not a bad achievement in just a decade and a half. In today’s multi-screen world we face tremendous opportunities as a technology company focused on user benefit. It’s an incredibly exciting time to be at Google."

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VGKing (on 23 January 2013)

Amazing. Lend Sony some money please.

mjk45 (on 23 January 2013)

the funny thing is Sony's revenue is around 90 billion they just have to stop Kaz spending it on ridge racer

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EntilZha (on 23 January 2013)

Strange the way we look at companies differently. Apple just reported $54.5 billion in revenue for the last quarter up from $46.3 billion a year ago (17.7% increase) and some people are very disappointed with those numbers. Their profits for the quarter were $13.1 billion!!! How can that be a bad thing?

Wh1pL4shL1ve_007 (on 23 January 2013)

Growth... they expected a larger growth.

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SwansVanTerif (on 23 January 2013)

Because the whole stock system is based on growth, not sustaning a healthy business. It's really just a legalized pyramid scheme.

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ebw (on 29 January 2013)

If the stock system was based wholly on growth then AAPL would have been $2000/share last year when they had 70% growth. Apple has never been valued by its growth, so it's ludicrous that it is being

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ebw (on 29 January 2013)

Sorry, can't seem to edit. Anyway, when Apple's growth was strong, it was still being valued as if it had zero growth (compare to Amazon which makes no money and is valued at 4000 times earnings). So it's silly that people are selling it off on lower growth. Growth is still positive and largely affected by supply shortages rather than lack of demand.

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Dallinor (on 23 January 2013)

I think that should be 'reaches' in the title. Interesting anyway, Google is still on the rise.