Google posted the third quarter 2012 results on Thursday. The search giant reported consolidated revenues of $14.10 billion for the quarter ended September 30, 2012, an increase of 45% compared to the third quarter of 2011.
“We had a strong quarter. Revenue was up 45 per cent year-on-year, and, at just fourteen years old, we cleared our first $14 billion revenue quarter,” said Larry Page, CEO of Google. “I am also really excited about the progress we’re making creating a beautifully simple, intuitive Google experience across all devices.”
We won’t talk much about the Google earnings, but will focus on what was shared about Android and Motorola in the financial earnings or conference call. You can find more on Google earning at their website.
What’s new on Android front?
The Android device activation seems to be sticking to the 1.3million devices per day, which was last reported back in September by Eric Schmidt at a Motorola event. We already known that there are over half a billion Android devices out in users’ hands right now.
Larry Page did not reveal anything relating to both these numbers.
Google also announced that mobile runrate for mobile advertising is now over 8 billion dollars, up from $2.5B a year ago. The mobile runrate includes gross revenues from mobile advertising, Google Play content and Google Play app sales.
“We took a big bet on Android back in 2005. We believed that aligning standards around an open source operating system would drive innovation across the industry. Most people thought we were nuts. Today, there are over half a billion Android devices, half a billion, with 1.3 million more being activated every day,” Page said about Google’s Android business.
What’s new on the Motorola front?
Motorola revenues were $2.58 billion ($1.78 billion from the mobile segment and $797 million from the home segment), or 18% of consolidated revenues of Google in the third quarter of 2012. Motorola also posted an operating loss – GAAP of $527 million ($505 million for the mobile segment and $22 million for the home segment), or -20% of Motorola revenues in the third quarter of 2012.
There are now 17,428 employees in Motorola right now after over recent job cuts. Google CFO Patrick Pichette said that they were “at the beginning of the Motorola/Google story” and that results would be variable for quite a while.