Today is a popular day for companies to report their fourth quarter financial results and Google certainly didn't want to be left out. Google performed quite well during the fourth quarter with revenue and profit both increasing, though cost-per-click has continued to decline.
Google recorded a revenue result of $11.34 billion, which doesn't include results from Motorola Home. This figure is up from $8.13 billion in 2011, so nearly 50 percent higher. Non-GAAP profit is up to $3.57 billion, which is up from $3.13 billion year-over-year.
Cost-per-click prices are down 6 percent year-over-year, though they recovered 2 percent from the third quarter of 2012.
For the fiscal year 2012, Google managed to bring in $50 billion in revenue. This is up from 2011, where they only managed to bring in $38 billion.
"We ended 2012 with a strong quarter," said Larry Page, CEO of Google. "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."
- > NEXT STORY: Nintendo working on new Zelda, Mario Kart and Mario games for Wii U
- < PREVIOUS STORY: Bethesda announces registration for Elder Scrolls Online beta