Google has just announced its earnings for Q4 2011, reporting $10.58 billion in revenue — although that number doesn’t include traffic acquisition costs. When you factor those in, actual net revenue was $8.13 billion. That amount is the first time Google passed the $10 billion mark in a single quarter and represents a 25 percent increase year on year. For the full year, Google’s revenue is up 29 percent and the company is currently sitting on cash and cash-equivalent reserves of $44.6 billion. Digging deeper into the numbers, Google saw a 6 percent increase with net income of $2.71 billion. All Things D notes that the results were lower than Wall Street estimates.
The Verge