The search giant is down more than 9% after reporting 4Q earnings of $8.22 a share, below the Street’s $8.41 consensus forecast. Net profit came in at $2.7B, up 6.4% vs the same period last year, on revenues of $10.6B, up 25.4%. But when ad commissions are taken out, the revenue figure drops to $8.1B, which is short of what most analysts expected. Google-owned sites accounted for 69% of total revenues. Although investors were disappointed, CEO Larry Page was ebullient: “I am super excited about the growth of Android, Gmail, and Google+, which now has 90M users globally. … I’m very excited about what we can do in 2012 — there are tremendous opportunities to help users and grow our business.” He declined to tell analysts how many Google+ users he expects to have a year from now.

Page is convincing. Android has just taken over mobile, Google+ is seriously threatening Facebook.
Go Google!
Google has not taken mobile. They provide for free the operating system for most of the non-Apple smartphones but their revenues from mobile activities, i.e. ads that they are paid to display is comparatively small and mostly come from… ads shown on iPhones.
Only on Wall Street does $8.1 BILLION in revenue for three months constitute a “failure”. I’d be so lucky to “fail” like that. Choke on your profits, 1%ers, your days are numbered.