Google's Q1 2013 earnings

Google has just released its Q1 2013 earnings. The big numbers:

Nearly $14 billion in consolidated revenue, up 31 percent from the first three months of 2012.GAAP operating income was $3.48 billion.Motorola Mobility revenue was $1.02 billionGoogle's got about $50 billion in cash on hand

We're kibitzing on the conference call this afternoon, so stay tuned for any Android-related snippets.

Source: Google

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Verizon Q1 2013 earnings: another big quarter for big red

Verizon has just posted its Q1 2013 earnings, and while it reports both its wireless and wireline businesses in one release, we're going to break out the wireless parts separately. Let's hit the high points first:

$19.5 billion in revenue, up 6.8-percent year over year$16.2 billion of that revenue was related to selling service, up 6.9-percent y-o-yPostpaid ARPA (Average Revenue Per Account) was $150.27 per month, up 6.9-percent also677,000 net customer additions for the quarter98.9 million retail connections (93.2 million postpaid) in total at the end of the quarter, up 6.4-percentRetail postpaid churn was 1.01-percent, up 5 basis points

Overall, it seems like a solid quarter for the company, posting improvements and increases on nearly every company metric. Customers, accounts, revenues and earnings per account all went up in the quarter. Verizon has also pointed out that its LTE network now reaches 287 million people in a staggering 491 markets across the country. The continuous quarters where Verizon makes boatloads of money don't seem to be stopping any time soon.

Source: Verizon

Google Q1 2013 earnings: $13.97 billion in revenue, $3.48 billion profit

Google has just released its Q1 2013 earnings report, and while we listen in on the earnings call we're going to break down some of the raw numbers for you:

$13.97 billion in revenue for the quarter, up 31-percent year-over-year$3.48 billion in operating income, up slightly y-o-y but down as a percentage of revenueGoogle-owned sites represented $8.64 billion of those revenuesGoogle Network (partner sites) represented $3.26 billion of revenueMotorola posted $1.02 billion in revenues, 7-percent of Google's totalMotorola ended with an operating loss of $271 million for Q1

A strong quarter for Google is seeing revenues increase largely over the same quarter last year, but while revenues did increase in nominal terms they did decrease in terms of share of revenues. Income from each different area of Google were strong, and though the number of paid clicks (for advertisements) increased about 20-percent the cost-per-click fell slightly by 4-percent. Speaking to Motorola specifically, the unit had $1.02 billion in revenue for the quarter, but is still posting a loss of $271 million in the end.

Source: Google