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Google's Growth Misses Wall Street Estimates


News by Luke Jones on Friday January 30, 2015.

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Google managed to increase revenue through the fourth quarter, but the company missed out on meeting Wall Street expectations. The results made the company's shares go through a bumpy day, initially falling 3% after the earnings call and then trending up by 1.44% later in the day.

The search and mobile giant announced increased revenue with an increase of 15% year-on-year through Q4, slightly falling under Wall Street estimates. For example, the general consensus on the street was that Google would bring in $18.46 billion in profit, but the figure actually stood at $18.10 billion.

Google makes money from advertising of course, and ad clicks hiked 14% compared to the same period during 2013, but revenue from those clicks fell on average 3%. From its $18.10 billion revenue, Google made $4.76 billion in profit, up from $3.38 billion in 2013. Android does not make money for the company per say, but the more people using the platform, the more people use Google's services and go through ads. In that respect, Android was clearly a driving force behind Google?s growth in 2014 as the platform continues to dominate the market.

 
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About the author

Luke Jones
Luke Jones is the Managing Editor at MobileBurn.com and is the person you need to speak to about the content on the site. Luke studied creative writing at degree level before carving out a reputation as a freelance tech writer. He settled here at MobileBurn, where he reviews devices and contributes to the news, as well as overseeing the site's content and direction.

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