Google (GOOG) Misses Q1 EPS by 3c
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(Updated - April 23, 2015 4:22 PM EDT)
Google (NASDAQ: GOOG) reported Q1 EPS of $6.57, $0.03 worse than the analyst estimate of $6.60. Revenue for the quarter came in at $15.42 billion which may note compare to the consensus estimate of $17.5 billion.
Revenues and Monetization
Revenues by source are presented in the table below (in millions; unaudited):
| Three Months Ended March 31, 2015 | Change from Q1 2014 to Q1 2015 (YoY) | Change from Q4 2014 to Q1 2015 (QoQ) | ||||||
|---|---|---|---|---|---|---|---|---|
| Google websites | $ | 11,932 | 14 | % | (4) | % | ||
| Google Network Members' websites* | 3,576 | 1 | % | (8) | % | |||
| Total advertising revenues** | 15,508 | 11 | % | (5) | % | |||
| Other revenues* | 1,750 | 23 | % | (2) | % | |||
| Revenues | $ | 17,258 | 12 | % | (5) | % | ||
| *Prior period amounts have been adjusted to reflect the reclassification primarily related to DoubleClick ad serving software revenues from Other Revenues to Advertising Revenues from Google Network Members' Websites to conform with our current period presentation. | ||||||||
| **Advertising revenues are generally reported on a gross basis, consistent with GAAP, without deducting TAC. | ||||||||
Excluding hedging gains of $311 million related to our foreign exchange risk management program, had foreign exchange rates remained constant from the first quarter of 2014 through the first quarter of 2015, our revenues in the first quarter of 2015 would have been $795 million higher. Additionally, our constant currency revenue growth in the first quarter of 2015 was 17% year over year. Our constant currency revenues, which exclude the foreign exchange impact on our current period revenues and hedging gains, are presented in the financial tables following this release as well as in the accompanying materials on the Investor Relations website.
Paid clicks and cost-per-click information is in the table below (unaudited):
| Change from Q1 2014 to Q1 2015 (YoY) | Change from Q4 2014 to Q1 2015 (QoQ) | ||||
|---|---|---|---|---|---|
| Aggregate paid clicks | 13 | % | (1) | % | |
| Paid clicks on Google websites | 25 | % | (3) | % | |
| Paid clicks on Google Network Members' websites | (12) | % | 4 | % | |
| Aggregate cost-per-click | (7) | % | (5) | % | |
| Cost-per-click on Google websites | (13) | % | (3) | % | |
| Cost-per-click on Google Network Members' websites | 2 | % | (11) | % | |
For earnings history and earnings-related data on Google (GOOG) click here.
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