LIVE: Google Misses, Stock Falls

Larry Page Google
Founder and CEO Larry Page AP

Google’s earnings are out!

Here are the numbers:

  • Non-GAAP EPS: $US6.35 vs. estimates of $US6.53
  • Revenue ex-TAC: $US13.2 billion vs. $US13.19 billion

One of the main things investors were paying attention to were paid clicks and cost per click.

Paid clicks rose only 17% year-over-year versus estimates of 22%. CPC decreased approximately 2% year-over-year over the third quarter of 2013 but remained constant from last quarter.

Stock is down ~1% after hours.

Google sites revenues increased 20% year-over-year while network revenues increased 9% year-over-year. Other revenues increased 50% year-over-year — making the “other” category about 11% of the total revenues. Analysts were hoping to see this category to grow above 10% of the total this quarter, with growth driven by the Google Play store, so that’s in line with those expectations.

Here’s a look at Google’s historic revenues:


Google’s headcount has risen to 55,030 full-time employees, up from 52,069 last quarter.

Here’s the whole release: