Google’s Q3 financial report suggests modest Android income growth
It’s that time again: the biggest players in mobile electronics are lining up to share news of their latest victories, disappointments, and future goals as they discuss last quarter’s financial performance. We’ve got a few of these reports to hit, but let’s start things off with the company at the head of the world’s most popular smartphone platform, as Google announces nearly $4B in net income, off of $18.7B in total earnings.
Compared to Q3 of last year, those figures represent a 13 percent increase in revenues, and a hefty 45 percent climb in net income, after deducting costs and other operating expenses.
This data is compiled through the end of September, which is prior to when Google’s reorganization under Alphabet started taking effect. That promises to change the shape of Google’s financial reports like this one going forward, but for now these numbers can safely be compared to previous quarters.
As always with Google, it’s difficult to get a direct sense of Android’s impact on the bottom line from the data disclosed, with the company’s Nexus sales bundled under an “other revenues” category (in contrast to website and advertising revenues). But while we don’t know specifically how much of that “other” stuff is Android, the category as a whole is up to $1.9B in revenues this past quarter, growing from $1.7B back in Q2. While that’s only an 11 percent improvement, it’s proportionally the fastest growing segment of Google’s business – at least quarter-to-quarter. Looking back to Q3 2014, though, “other” growth is outpaced by both website operations and advertising.