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Google Q3 2012 Concall: On Multi Screen Opportunities, Mobile Run Rate & Trends

Google has reported consolidated revenues of $14.1 billion for the quarter ending September 30, 2012, a 45% growth in revenues year-on-year (YoY) and 15.5% growth quarter-over-quarter (QoQ). Here are some notes from the Google’s Investor conference call: - Android Device activations: Google CEO Larry Page stated that there are more than 500 million Android devices with more than 1.3 million Android devices being activated every day, a number revealed by Hugo Barra, Director of Product Management for Android in September 2012. - Multi-screen opportunities: Page stated that Google's search query volumes has grown during the quarter as compared to last year, although he didn't reveal any specific information regarding this. Page noted that they are currently seeing tremendous innovation in the advertising segment and as people transition from a single screen to multiple screens, the company sees opportunities to drive innovation and higher monetization, just like Search in 2000. Pointing out an example for multi-screen opportunity, Page noted that Google Chrome users can now seamlessly sync browser content including bookmarks, tabs, and browser history across various platforms including Windows, Mac, iOS and Android among others, allowing them to switch to any device based on their preference. - Google's Mobile run rate: He stated that Google's mobile run rate is now over $8 billion, up from $2.5 billion run rate last year. However, its worth noting that this revenue includes gross revenues from mobile advertising, Google Play content and Google Play app sales, while it included only the gross revenue from mobile advertising last year. -…

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