Google’s quarterly figures reveal Motorola losing money even faster prior to sale

Advertisement

Lenovo sure does seem convinced that Motorola will be a way to make the company money, but its lack of any specific business plan for doing so is a little bit concerning. Before we can start looking at this all objectively, though, we need some hard figures; just how bad shape was Motorola really in? The last answers we had date back to October, but today we get an update, as Google publishes its Q4 2013 financial figures – and Motorola isn’t looking too hot.

When we checked in on those Q3 numbers, Motorola Mobility had revenues of $1.18B, but ultimately generated a loss of $192M.

For Q4, revenue’s up a tad to $1.24B – so far, so good – but the losses are even worse than before, and when all expenses are factored in, Motorola lost $384M. That’s straight-up double its losses from the previous quarter.

As for Google as a whole, the company saw revenues of $16.86B, exceeding some estimates. And while its advertising-related revenue is up, it’s seeing slightly lower margins, generating 31% more clicks but pulling-in an average of 11% less on each.

Source: Google
Via: The Wall Street Journal

Advertisement

What's your reaction?
Love It
0%
Like It
0%
Want It
0%
Had It
0%
Hated It
0%
About The Author
Stephen Schenck
Stephen has been writing about electronics since 2008, which only serves to frustrate him that he waited so long to combine his love of gadgets and his degree in writing. In his spare time, he collects console and arcade game hardware, is a motorcycle enthusiast, and enjoys trapping blue crabs. Stephen's first mobile device was a 624 MHz Dell Axim X30, which he's convinced is still a viable platform. Stephen longs for a market where phones are sold independently of service, and bandwidth is cheap and plentiful; he's not holding his breath. In the meantime, he devours smartphone news and tries to sort out the juicy bitsRead more about Stephen Schenck!