Google pares losses; CC touches on ad reporting, apps, spending

Going forward, Google (GOOG) will break out its paid click and cost per click data in more detail, CFO Patrick Pichette states on the CC. Numbers for Google's reporting segments (sites, ad network, etc.) will be given in addition to a company-wide figure. (CC live blog)

The remarks come after Google reported disappointing Q1 paid click growth (-1% Q/Q and +26% Y/Y). The numbers might fuel questions about the impact mobile apps (they account for 86% of U.S. smartphone activity, per Flurry) are having on search activity. When indirectly asked about the issue, sales chief Nikesh Arora only said Google is trying to succeed in both realms.

Pichette states EPS was hurt by one-time legal and M&A expenses, and that Google's expenses would've been in-line with its targets otherwise.

Separately, re/code reports Marissa Mayer is intent on convincing Apple to abandon Google as its default iOS search provider in favor of Yahoo (YHOO). Google's dominant mindshare, together with Apple's Maps experience, might make Cupertino think twice.

GOOG now -2.8% AH. Q1 results, details.

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Comments (5)
  • ctownzoo
    , contributor
    Comments (53) | Send Message
    I just read google has missed on their last 9/10 earnings estimates? Is this true? Doesn't sound right.
    17 Apr 2014, 12:50 AM Reply Like
  • ravenben
    , contributor
    Comments (23) | Send Message
    You heard wrong.
    That's IBM they're referring to. Since both reported earnings this afternoon, it was easy to get them mixed up.
    17 Apr 2014, 01:23 AM Reply Like
  • gontiveros
    , contributor
    Comments (114) | Send Message
    "Google's dominant mindshare"??
    17 Apr 2014, 10:34 AM Reply Like
  • Eric Jhonsa
    , contributor
    Comments (1276) | Send Message
    When someone says "I'll Google it," rather than "I'll search for it," that's mindshare at work :).
    17 Apr 2014, 10:39 AM Reply Like
  • gontiveros
    , contributor
    Comments (114) | Send Message
    21 Apr 2014, 01:42 PM Reply Like
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