4/17/2014

Google's first-quarter earnings were $15.4 billion, up $2.4 billion year-over-year, and the search giant saw a 26% increase in ad volume. But rising expenses and a 9% reduction in ad rates left investors disappointed with the company's performance. The lower-than-expected earnings were attributed to users' growing preference for mobile search over desktop search as well as Google's pricey investments in future technologies.

Related Summaries