Google’s Q1 raked in $14 billion, but Motorola still leaking money

Google has just announced its operating numbers for the first quarter of 2013. The company beat market expectations, of course, as it was able to pull in about $14 billion in revenue, up 31% year-on-year. Of that, the company was able to pocket about $3.39 billion, a 16% increase year-on-year, which adds to the total of $50.1 billion cash and liquid assets Google has. That’s a whole lot of dough coming from a lot of different areas, but where that money isn’t coming from is Google’s $12.5 billion best friend Motorola Mobility.

The mobile smartphone manufacturer pulled revenue of $1.02 billion, but it wasn’t able to profit as it ended up losing about $179 million. That may seem like a drop in the bucket for how much Google has made, but that’s still a significant loss no matter how you spin it. The company has been on a downward slope for quite some time, with its smartphones failing to entice customers over options from the likes of Apple, Samsung and HTC. Google and Motorola hopes for all of that to change this year, though, as the two have been collaborating on what we know to be the “X Phone”.

The earnings call is going on right now, and we’ll be sure to extract all of the juicy bits if there are any. Stay tuned, and hit the source link for the rest of Google’s numbers if you care about the whole kit and kaboodle.

[via Google]

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  • Lennatron

    If Google wants the X Phone to succeed it must be on ALL major carriers with NO exclusivity and carriers must launch it on the EXACT same date and charge the EXACT same price.

    • Joseph Lagalla

      I agree with the date bit, but the price is not going to happen. T-Mobile’s plans are too different for that. And with the changes verizon has been showing, neither will the date.

  • King_James_The_Wicked

    Google needs to do a full take over of Moto and turn it around…

  • TheOne247

    I’m sure Google will survive…

  • TheOtherGuy

    I don’t think Google is worried about Motorola. They will just bring the next X Phone out, made by Motorola and Motorola will be making even more profit than ever before…

  • Asmodai

    Google isn’t going to turn around Motorola until it actually starts selling phones developed with Google’s influence. So far all Moto has released since the purchase is devices already in development before the purchase.

    • schitzengigles10

      Motorola will turn around when it stops bending over for Verizon. Had the Razr line been available across all carriers Moto would’ve been rolling in dough.

      • Jathan Lane

        Their new devices will be all carriers. Nexus will not bend over for Verizon anymore either.

  • deh2002

    Moto and Sony both make the same mistakes. Offer phones that are a half a year or more behind in tech. And moto hasn’t released anything for over a half year, so how can you sell anything if your not keeping up with the rest of the players.

  • jzxcv1122

    Carbon fibre back like Droid Razr please :D For those of you who don’t know what carbon fibre is, it’s a plastic with a very high density and light weight making it the one of the most durable material on Earth. Super Sports cars like the Lambo lp-900 uses this material :D

  • JoeTi

    They can afford to bleed millions while providing the BEST mobile OS out there and conspiring to build the best phones to come. Go GOOMOTO!!!