Google had its biggest year yet in 2012, generating $50 billion in revenue for the first time ever. Much of the company's big pay day was due to fourth quarter earnings, raking in over $14 billion in the December quarter alone.
"We ended 2012 with a strong quarter. Revenues were up 36 percent year-on-year, and 8 percent quarter-on-quarter. And we hit $50 billion in revenues for the first time last year – not a bad achievement in just a decade and a half," said Google CEO Larry Page.
It wasn't all good news, though: Google's cost-per-clicks declined by 6 percent when compared to 2011, most likely due to the rise of mobile ads.
But with today's news that Google will soon monetize Google Maps, it seems the tech giant plans to have an even bigger 2013.
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