Google 2012 Revenue Reaches 50 Billion U.S. Dollars

Google on Tuesday reported that its annual revenue reached 50 billion U.S. dollars for the first time last year.

At the same time, the Internet titan reported a rise in profits.

"We ended 2012 with a strong quarter," said Google co-founder and chief executive Larry Page. "We reached 50 billion U.S. dollars in revenue for the first time last year, not a bad performance in just a decade and a half."



The fourth-quarter profit rose 6.7 percent from a year earlier to 2.89 billion U.S. dollars, and Google earnings for the full year grew 10 percent to 10.74 billion dollars.

Revenue in the quarter ended December 31, up 36 percent from the same period the previous year to reach 14.4 billion U.S. dollars.

For the year, revenue grew 32 percent to 50.2 billion dollars, partly helped by the acquisition of Motorola Mobility.

Google shares surged more than 3.5 percent to 730.03 billion U.S. dollars in trade "after market" that followed the release of earnings numbers, which exceeded Wall Street estimates.