GOOG: Google highlights mobile growth on CC; Page will skip some future calls

Google highlights mobile growth on CC; Page will skip some future calls • 5:20 PM

• "Going forward, I won’t be joining every earnings call," says Larry Page on Google's (GOOG) Q3 CC. "You’re depending on me to ruthlessly prioritize." In May, Page disclosed he has vocal cord paralysis. (live blog)
• Page did take the time on this call to note YouTube now gets nearly 40% of its traffic from mobile; that's up from 25% a year ago and 6% two years ago. With the short length of most YouTube clips ideal for mobile, the platform's mobile video traffic share appears to be even larger than its PC share.
• Sales chief Nikesh Arora says Enhanced Campaigns have led to an increase in mobile search ad keyword bidding, but doesn't provide any numbers. Google ads are now responsible for driving 40M phones calls/month, twice as many as a year ago.
• Also: 1) Q3 EPS was boosted by a lower tax rate (15% vs. 24% in Q2). 2) The quarter's heavy capex ($2.29B) was due to data center construction and "opportunistic" real estate purchases. 3) Google as a hedge fund: the company earned $201M in interest income from investments in Q3, and recorded a $153M forex loss ($135M of which came from a hedging program).
• GOOG now +7.8% AH. Q3 results, details, slides.

Read comments

GOOG price at time of publication: $890.17. Check GOOG price now »

Get Seeking Alpha notifications with our iPhone App | Android App | iPad App

Focus Articles on GOOG

• How Microsoft's Loss Is Becoming Google's Gain by Amal Singh
• Samsung May Be A Threat To Google And A Boost To Intel by Michael Blair
• Google's Potential Acquisition Of The NFL Sunday Ticket Could Be A Game Changer by Frank Carson

Press Releases on GOOG

• Google Announces Date of Third Quarter 2013 Financial Results Conference Call (Business Wire)
• Google Announces Date of Second Quarter 2013 Financial Results Conference Call (Business Wire)
• Google Announces Date of First Quarter 2013 Financial Results Conference Call (Business Wire)

Related Articles on GOOG

• Neonode Awarded Key Flush-Design Patent; Should Be Huge Catalyst At Samsung And LG by Bayless Capital
• Amazon's New Payment System: Pros, Cons And Shareholders by Douglas Ehrman
• What The Bears Don't Get About Amazon by Nathan Brooks

StockTalk on GOOG: GOOG StockTalk | Twitter GOOG | Twitter $GOOG | GOOG Instablogs

Recent Market Alerts on GOOG: All currents | Earnings | Dividends | M&A | On the move

Transcripts on GOOG

• Google Inc (GOOG) CEO Discusses Q2 2013 Results - Earnings Call Transcript
• Google's CEO Hosts 2013 Annual Meeting of Stockholders Conference (Transcript)
• Google's CEO Discusses Q1 2013 Results - Earnings Call Transcript

---

Why are you receiving this? You subscribed to real-time Market Currents alerts at Seeking Alpha.
If this email was forwarded to you and you wish to subscribe to this email, click here.

Manage your emails:
Get alerts on additional tickers and manage all your email alert choices here
I'm getting too many emails: manage your email alert choices
I'm no longer following GOOG: unsubscribe from all GOOG email alerts
This type of alert isn't helpful to me: unsubscribe from Market Currents (breaking news) alerts on GOOG

To ensure you receive these emails in the future, please add account@seekingalpha.com to your address book, contacts or list of safe senders.

Prices in this email are BATS Last Sale quotes.

Sent by Seeking Alpha, 345 7th Ave. Suite 1400 New York, NY 10001