Google's revenue rises 31 percent, nudged by advertising gains

The results mark 'a very strong start to 2013,' CEO Larry Page said

Google's first-quarter revenue rose by 31 percent to about $14 billion, driven by strong gains within the company's advertising business.

Total sales at the company were US$13.97 billion for the quarter, which ended March 31, representing "a very strong start to 2013," Google CEO Larry Page noted in the company's earnings announcement. The revenue excludes the commissions and fees that Google pays to other sites that run its ads. Taking those into account, revenue for the quarter was $11.01 billion.

"We are working hard and investing in our products that aim to improve billions of people's lives around the world," Page said.

Google's net income was $3.35 billion, or $9.94 a share, compared to $2.89 billion, or $8.75 a share, in the first quarter a year earlier, the company said.

Excluding one-time charges, earnings per share were $11.58, higher than analysts' expectations of $10.69, as polled by Thomson Reuters.

Google continued to see healthy gains in its advertising business. Paid clicks, or the clicks on search ads that advertisers pay for, increased by 20 percent over 2012's first quarter.

However, the cost of paid clicks, or the money Google charges when someone clicks on an ad, fell by approximately 4 percent compared to last year. Still, that decline represents a slight leveling-off from the 6 percent drop Google reported during its last earnings call in January.

Google-owned sites generated 67 percent of the company's total revenue in the quarter, at $8.64 billion, Google reported, representing an 18 percent increase. Partner sites contributed revenue of $3.26 billion, or 25 percent of total Google sales. "Other" revenues from Google were $1.05 billion, representing a 150 percent increase, the company said.

Google's stock was trading at $765.91 following the market's close on Thursday, down roughly 2 percent from Wednesday's closing price of $782.56.

Zach Miners covers social networking, search and general technology news for IDG News Service. Follow Zach on Twitter at @zachminers. Zach's e-mail address is zach_miners@idg.com

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags social mediainternetGooglesearch enginessocial networkingInternet-based applications and services

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Zach Miners

IDG News Service
Show Comments

Brand Post

PC World Evaluation Team Review - MSI GT75 TITAN

"I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it."

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?