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Google’s Q3 earnings: $14.89 billion in revenue, Motorola losses grow, mentions plans for smartwatches

Google heads

Today was Google’s Q3 2013 earnings call with investors. During the call, Google CEO Larry Page kicked things off, talking briefly about the company’s focus on a multi-screen technologies, specifically mentioning products like Google Glass, Chromecast, and yes — smartwatches.

The search giant reported a cool $14.89 billion in revenue, a 12% increase from the previous year. This is actually better than expected for this quarter, a nice change after they failed to hit expected earnings in the previous 2 quarters.

Motorola continued to take a toll on Google’s bottom line, dropping $600 million to $1.18 billion when compared to 2012′s $1.78 billion. Motorola’s operating loss for Q3 hit $243 million, which grew from the $192 million the previous year. Google says they’ve done well at turning around Motorola’s product — the Moto X is the first of future Google influenced devices — now Google’s focus is on building marketing and distribution for Motorola.

They also mentioned the continued rollout unified Google Experience shops at Best Buy, where Google says they plan to offer the newest Nexus devices under their one Google branded design. Google says they’ll continue to make “advertising seamless”, which we’ll get a good taste of once they begin using Google+ users’ +1s and interests to help promote content to their friends (this can be opted out).

Looking for even more info? Hit up the source link, or listen in on the earnings call via the live YouTube stream below.

[Google Investor Relations]




  • gk1984

    According to your title, Google made about what my hourly wage was in college… except over a whole quarter….

  • ari_free

    It would be funny if the Google smartwatch worked on every Android phone EXCEPT those made by Samsung

    • spicymeatball

      That would be funny, but it will be funnier when they make a watch that not only works with all android devices but also works on iOS. Beating the competition in their own house. This will show Samsung, Amazon, and Apple how limiting their business models are.

      • RitishOemraw

        like Chromecasts work on both android and iOS (and chromebooks and windows computers with chrome and all other laptops and desktops running chrome I think)

  • Roy Psy.D., M.D.

    14.89 billion is written
    14.89 Billion
    Not $14.89 Billion
    O_o

    • ari_free

      You have to include the $ so that you wouldn’t think it was 14.89 billion in Yen or pesos

      • Roy Psy.D., M.D.

        In that case it should be written:
        $14,890,000,000

        • ari_free

          If you had your way, Google would have to be renamed to 10,000,000,000,000,
          000,000,000,000,000,
          000,000,000,000,000,000,
          000,000,000,000,000,000,
          000,000,000,000,000,000,
          000,000,000,000,000,000

          • LightofHonor

            That would be googol, not Google.

          • ari_free

            That would be another correction if Roy had his way!

        • rstat1

          or $14.89 bilion. Same thing.

    • JMcGee

      That, sir, is crazy talk.

      • Roy Psy.D., M.D.

        Well read properly (the way he wrote it) it reads: fourteen dollars and eighty nine cents billion. e_e

        • JMcGee

          It’s an order of operations thing. You’re imagining this: ($14) Billion, but the reality is this: $(14 Billion).

          • ari_free

            You may know your math but in financial book keeping, you’ve just posted a loss of $14 billion

          • JMcGee

            Nice

    • malcmilli

      why? Its written as $14 Billion or Million all the time throughout various media outlets, including well established news papers.

      • Roy Psy.D., M.D.

        They are wrong. O_o

        • malcmilli

          lol are thay wrong or do you just not like it

    • LightofHonor

      14.89 billion USD.

  • Roy Psy.D., M.D.

    I’m just trolling Chris, BTW. Bet some readers were Goggling how to write $14.89 billion properly though.

    • http://twitter.com/gamercore Chris Chavez

      <3

  • TheOne247

    Ouch rough quarter :(

    • http://twitter.com/gamercore Chris Chavez

      They’re doing alright. Ad revenues are flatlining, but that’s why Google is investing in other areas. Hoping they can turn around Motorola but I think Samsung and Apple simply have too much of the pie.

      • Jumanji242

        I wonder who had most of the pie before Apple and Samsung? Nokia? Ericsson? As Microsoft, Apple, GM, RIM and so many more can attest to, there will always peaks and valleys and no one stays on top forever.

  • blest

    You guys should do something about that title…

    • http://twitter.com/gamercore Chris Chavez

      Done and done.

      • blest

        Lol cool. I just kept reading it as 14 dollars and change

        • http://twitter.com/gamercore Chris Chavez

          Motorola’s profits maybe, but not Google’s :p

          • blest

            Lmao. Kicking while they’re down.

  • MITM

    damn Moto, thats more than twice as much as HTC loss in Q3

    • Mr. Smith

      Yeah Moto is way bigger than HTC its not like google was going to wave a magic wand and the operating losses would go away its a step in the right direction tho.

  • AndroidProfit

    I think Google needs to stick to one path. There’s Android, Droid, Nexus, Chromecast, Chrome OS, Chrome Browser, Chrome book, Google TV which will be even more confusing as it turns into Android TV. SHEESH!

    • ari_free

      Don’t worry. Eventually we’ll all use the Android browser in order to search the web using the Chrome search engine on our Nexus TV’s.

      • AndroidProfit

        ^^^^^WINNING!^^^^ Ok I have been using Chrome for sooo long now I forget that the stock browser is referred to as the, “Android browser”. LOL. I think that this is getting messy and Google has allowed it to happen.

        While trying to filter through the noise that is the internet I found rumors of a Chrome based phone? Now Google has a new launcher for Android? This is headache inducing but maybe I am old and that is why.

        • No_Nickname90

          Bring the products as a separate entities, see what people like. Once you gather enough information, you can make the ultimate device that has nothing but things people like.

    • http://twitter.com/gamercore Chris Chavez

      Don’t forget Google Glass, project loon, Google Fiber and driverless cars. :P

      • AndroidProfit

        LOL no doubt!

        • Jumanji242

          There is also Gmail, Google Maps, Picasa, Google Calendar, Google Wallet, Dart, VP8 codec and more. Google has a lot of initiatives, each one an attempt to see what sticks and monetizes effectively.

          • AndroidProfit

            Now you are just getting me more confused!

          • Jumanji242

            That’s why man invented Adderall. If you want to buy some, I’m betting you could fire up Chrome and search for it on Google.

            I can see why you’d be confused and I’d be confused, too, if some company made a lot of different products. For example, Microsoft. They make a various OSes (desktop, embedded, server, mobile), web browsers, productivity suites, various enterprise applications, development environments, hardware (HID, gaming systems, Surface line), Azure, etc., etc.,! I bet people get confused all the time when they think about the dizzying array of products that Microsoft makes. Same with Apple. They have too many desktop computers, too many mobile devices, too much software and more! Seriously iPhoto is on the the Mac desktop, iPad and iPhone! My head is going to explode! How is anyone expected to wrap their head around so many products from one company??

    • Mr. Smith

      Droid nexus ?Did I miss where google released a new product line that version owns ?

      • ChristianMcC

        There’s a comma after Droid.

        • Mr. Smith

          Grammar troll please go away

          • ChristianMcC

            I’m not correcting your grammar, idiot, I was advising you it wasn’t “droid nexus” the original poster placed in their comment, but droid and nexus as 2 separate products. On another note, yes you did spell Verizon incorrectly, slugger.

          • moopuna

            ZING!

      • AndroidProfit

        See how confusing? I thought Droid was something Motorola started?

        • Jumanji242

          Just because you’re confused by a company that has more than one product offering does not mean everyone else in this world is.

    • master94

      Droid isn’t a Google brand. Its vzw check your facts. Google TV is dead long live android tv

      • AndroidProfit

        OH SNAP! I included it because it’s how A LOT of people refer to Android phones. Again just creating confusion. I think Google has a severe case of ADHD… either that or they are too busy banging the newest hot intern.

        • Justin Barnet

          That’s the side effect of being an innovative company not afraid to try new things. Also cutting their losses if something doesn’t succeed (Google Wave etc.). If you want a singular easy to understand (not really innovative) brand, which Grandma can understand go with the iphone, ipod, ithis, ithat.
          Nobody in the UK says Droid… in fact most people probably don’t even know what Android is, not because they don’t use it, because most people have a Samsung or HTC phone and thats alll they care about. .

  • jschu22

    Only made $14.89? Wow. Moto X marketing really bit them in the ass.

    • ari_free

      Maybe they’d make more money with ‘lazy’ phones that had more than 2 features.

    • No_Nickname90

      I so misinterpreted that. I thought you said they made $14.89. LoL!!

  • blue720

    It would be a nice gesture to offer the flagship phones of the ONES as Google Experience phones at Best Buy as well.

  • Fel Pe

    Go Google!!!

  • steveb944

    I read $14.89 and first thought was @#$& Moto!! Thankfully there were actual zeros in front.