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| Google revenue up 17% on strong ad revenue in fourth quarter | Google revenue up 17% on strong ad revenue in fourth quarter |
| (35 minutes later) | |
| Google's revenue rocketed to $16.86 billion (£10.23bn) in the fourth quarter, but disappointed analysts expectations with its numbers. | Google's revenue rocketed to $16.86 billion (£10.23bn) in the fourth quarter, but disappointed analysts expectations with its numbers. |
| Revenue jumped by 17 per cent, up from $14.42 billion dollars in the same period a year earlier. | Revenue jumped by 17 per cent, up from $14.42 billion dollars in the same period a year earlier. |
| But losses at the internet giant's Motorola arm, which it sold to Lenovo on Wednesday, weighed on earnings, pushing it to a loss of $384 million in the quarter. | But losses at the internet giant's Motorola arm, which it sold to Lenovo on Wednesday, weighed on earnings, pushing it to a loss of $384 million in the quarter. |
| Google increased the number of paid clicks by 31 per cent, but the company's average cost-per-click for the fourth quarter was down 11 per cent. | Google increased the number of paid clicks by 31 per cent, but the company's average cost-per-click for the fourth quarter was down 11 per cent. |
| Google chief executive Larry Page said: "We ended 2013 with another great quarter of momentum and growth. Google's standalone revenue was up 22 per cent year on year, at $15.7 billion (£9.5 billion). | Google chief executive Larry Page said: "We ended 2013 with another great quarter of momentum and growth. Google's standalone revenue was up 22 per cent year on year, at $15.7 billion (£9.5 billion). |
| "We made great progress across a wide range of product improvements and business goals. I'm also very excited about improving people's lives even more with continued hard work on our user experiences." | "We made great progress across a wide range of product improvements and business goals. I'm also very excited about improving people's lives even more with continued hard work on our user experiences." |
| The figures come on the heels of fellow heavyweights Apple and Facebook posting results earlier this week. | The figures come on the heels of fellow heavyweights Apple and Facebook posting results earlier this week. |
| In October, HM Revenue and Customs indicated that it is investigating Google over its tax affairs following evidence from a whistle-blower who claimed British taxpayers are being "cheated" by the company. According to its latest figures, Google had 47,756 full-time employees on its books at the end of 2013. | |
| Additional reporting agencies | Additional reporting agencies |