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I downloaded their detailed income statements[0]. The Google Finance income statement appears to be wrong. Google's income statements imply royalties of less
by Sam_Odio 14y ago
I downloaded their detailed income statements[0]. The Google Finance income statement appears to be wrong. Google's income statements imply royalties of less than 8.5%.
In their latest quarter (Q2 FY2013) "Cost of Revenue" made up $68,036,000 on revenue of $101,267,000. Of that, "Content acquisition costs" were $60,522. That means royalties make up a whopping 60% of all revenue. They're not making a profit and have lost money in FY2012 and FY2011.
0. http://investor.pandora.com/phoenix.zhtml?c=227956&p=irol-irhome http://investor.pandora.com/phoenix.zhtml?c=227956&p=iro... (see Historical Financials).
- forgotusername 14y agoA few weeks back Google Finance was reporting GOOG's own earnings incorrectly. Most people with interest in such things recommend avoiding it like the plague
- rayiner 14y ago> That means royalties make up a whopping 60% of all revenue. Is that surprising? I'd imagine inventory makes up more than that of Amazon's revenue. Both are in the business of selling stuff made by other people. They help you find what you want, sure, but they're distributors.
- RenierZA 14y agoI see from that report they have 589 employees. Why do they need so many?