Google Q3 revenues rise 20% to $16.52B; profit shrinks

Search engine giant Google Inc. has reported 20 per cent rise in its consolidated revenues for the quarter ended September 30, 2014 to $16.5 billion over the year-ago quarter. GAAP net income (including net loss from discontinued operations) for the period, however, declined to $2.81 billion from $2.97 billion.

Non-GAAP net income rose to $4.37 billion from $3.82 billion in the same quarter last year.

For the three-month period, revenues from sites were $11.25 billion or 68 per cent of total revenues. This represents a 20 per cent increase over third quarter of 2013. Network revenues were $3.43 billion or 21 per cent of total revenues, up 9 per cent over Q3 2013.

Google's international revenues (revenues outside the US) for the September quarter stood at $9.55 billion, representing 58 per cent of total revenues, compared to 56 per cent last year.

Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of its network members, increased approximately 17 per cent over the third quarter of 2013 and increased approximately 2 per cent over the second quarter of this year.

Sites paid clicks (including clicks related to ads served on Google-owned and operated properties across different geographies and form factors, including search, YouTube engagement ads like TrueView, and other owned and operated properties like Maps and Finance) increased approximately 24 per cent over last year and increased approximately 4 per cent over the second quarter.

Network paid clicks, which include clicks related to ads served on non-Google properties participating in its AdSense for Search, AdSense for Content and AdMob businesses, increased approximately 2 per cent over the third quarter of 2013 but decreased approximately 4 per cent over the second quarter of 2014.

As of September 30, 2014, cash, cash equivalents, and marketable securities were $62.16 billion, which excludes cash classified as held for sale, compared to $58.72 billion as of December 31, 2013.

On a worldwide basis, Google employ 55,030 full-time employees as of September 30, 2014.