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Sunday
18 August 2019

Google beats Q4 earnings estimates, takes $355 million impairment charge from Clearwire investment

google 150x150 Google beats Q4 earnings estimates, takes $355 million impairment charge from Clearwire investmentHere’s a quick rundown on Google’s Q4 earnings:

  • gross revenues of $5.7 billion, up 3% since Q3 and 18% year-over-year
  • net revenues of $4.22 billion after traffic acquisition costs
  • net income of $382 million, a big drop from Q3’s $1.29 billion
  • non-GAAP earnings per share was $5.10 compared to $4.92 in Q3

Other interesting numbers:

  • Google-owned sites generated $3.81 billion, 67% of gross revenue
  • Adsense generated $1.69 billion, 30% of gross revenue
  • $2.86 billion came from outside the United States
  • $129 million generated thanks to exchange rates
  • paid clicks increased 10% from Q3 and 18% year-over-year which is no big surprise as Google plasters ads on everything now
  • Google is offering employees new stock options in exchange for the same number of current options until March 3
  • $726 million impairment charge from AOL and a $355 million impairment charge from Clearwire
  • $15.85 billion in cash and other short-term securities
  • only 99 employees were hired in Q4

The full statement came be found here.

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