Google Q3 net income down 5.4%

Google reported consolidated revenues for the quarter ended September 30 of US$16.52 billion, a 20 per cent increase over third quarter 2013 revenues of US$13.75 billion. However, this performance was below some analysts’ estimates.

GAAP net income (including net loss from discontinued operations) in the third quarter of 2014 was US$2.81 billion, compared to US$2.97 billion in the third quarter of 2013, representing a fall of 5.4 per cent.

In the future, Google is looking to non-advertising businesses to pick up some of the slack. Their contribution is featured as the “Other” category in the company’s results and lumps together a number of different activities.

The segment delivered an impressive figure of 50 per cent revenue growth in Q3 to US$1.84 billion, although it does only account for 11 per cent of Google’s total revenue.

Among the activities are Google’s Play store, which sells apps alongside movies, music and games, and the Chromecast dongle that enables the transfer of video from PC to TV.