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Thursday, Jul 18
More on Google: Ad prices remain under pressure, likely due to mobile: cost-per-click -2% Q/Q...
More on Google: Ad prices remain under pressure, likely due to mobile: cost-per-click -2% Q/Q and -6% Y/Y in Q2; they fell 4% Q/Q and Y/Y in Q1. Paid clicks +4% Q/Q and +23% Y/Y, better than Q1's +3% Q/Q and +20% Y/Y. Google Sites revenue (68% of total) +18% Y/Y (same as Q1), ad network revenue (24% of total) only +7%, down from Q1's +12%. Other revenue (inc. Nexus) +138% to $1.05B. International 55% of sales (same as Q1). TAC steady at 25% of revenue. Motorola sales -4% Q/Q to $998M. Capex was $1.6B, up from Q1's $1.2B. Google headcount rose by 2.4K Q/Q to 40.2K, Motorola Mobility headcount fell by 50%+ to 4.6K. R&D spend +29% Y/Y to $2B, sales/marketing +23% to $1.7B, G&A +27% to $1.2B. GOOG -5.2% AH. (PR)