Google has revealed its fourth quarter financial results and with that the results for 2012. Revenue was a lot higher than analysts expected in Q4 and so was profit. Overall, the last quarter pushed Google's revenue for the year over the $50 billion, €37.57 billion mark, for the first time in its history.
"We ended 2012 with a strong quarter," Larry Page, Google's CEO, said. "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."
Google brought in $14.42 billion, €10.83 billion in the last quarter, a 36 percent increase over Q4 2011 revenue.
Profits were also on the rise, $2.89 billion, €2.17 billion in Q4 compared to $2.71 billion, €2.04 billion in Q4 2011 and only $2.18 billion, €1.64 billion in Q3 2012.
Revenues were higher than expected, indicating that Google is still going strong. A 32 percent increase in revenues from 2011 to 2012 is no small feat for a company so large.
While there are challenges, mobile being the biggest, it doesn't seem like Google is slowing down.