Netflix, Apple and Google results – all very impressive

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Three very interesting sets of financial results have been released in the last few days from digital companies.

Netflix – Q4 results

The future of watching video?

The company now has 33m subscribers worldwide after a 10% increase in the last quarter. (2m new subscribers in the US in the quarter, almost double the previous quarter, and 1.8m internationally in the final three months of 2012).

Net income in the fourth quarter was $7.9m, down from $35.2m in the same quarter in 2011. Net income for the year fell to $17.2m, down from $226m, as the company invested heavily in international expansion, launching in key new markets such as the UK. Revenues rose from $3.2bn to $3.6bn.

For more information: See the FT article

Apple – Q1 results

Records continue…

The Company sold a record 47.8 million iPhones in the quarter (that’s worth reading twice to take it in), compared to 37 million in the Q4 the previous financial year.

Apple also sold a record 22.9 million iPads during the quarter, compared to 15.4 million in the year-ago quarter. The Company sold 4.1 million Macs, compared to 5.2 million in the year-ago quarter – which follows the same downward trend in the PC market.

Apple sold 12.7 million iPods in the quarter, compared to 15.4 million in the year-ago quarter.

The most staggeringly impressive result is that gross margin was 38.6 percent, albeit it’s lower than 44.7% in the same quarter in the last financial year. International sales accounted for 61 percent of the quarter’s revenue.

Google – Q4 results

Remember that Google is less than 15 years old…

Google had $50 billion in revenues for the first time last year.

GAAP operating income in the fourth quarter of 2012 was $3.39 billion, or 24% of revenues.

Google Inc. revenues for the quarter ended December 31, 2012 was $14.42 billion, an increase of 36% compared to the fourth quarter of 2011.

  • Google Sites Revenues – Google-owned sites generated revenues of $8.64 billion, or 67% of total Google revenues, in the fourth quarter of 2012. This represents a 18% increase over fourth quarter 2011 Google sites revenues of $7.29 billion.
  • Google Network Revenues – Google’s partner sites generated revenues of $3.44 billion, or 27% of total Google revenues, in the fourth quarter of 2012. This represents a 19% increase from fourth quarter 2011 Google network revenues of $2.88 billion.
  • Other Revenues – Other revenues from Google were $829 million, or 6% of total Google revenues, in the fourth quarter of 2012. This represents a 102% increase over fourth quarter 2011 other revenues of $410 million.

Google International Revenues – Google revenues from outside of the United States totaled $6.9 billion, representing 54% of total Google revenues in the fourth quarter of 2012, compared to 53% in the third quarter of 2012 and 53% in the fourth quarter of 2011. Remember Apple are 61%, so they’re not too dissimilar.

As of December 31, 2012, cash, cash equivalents, and marketable securities were $48.1 billion!

 

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