It's tough to quibble with 22 percent year-on-year growth, which resulted in a $15.7 billion quarter for Google. Not to mention that Google-owned sites enjoyed a similar 22 percent year-over-year spike, hitting $10.6 billion (67 percent of the company's total revenue).
But if you want to find something to worry about in today's Q4 earning announcement from Google, the search giant's average cost-per-click did slip 11 percent in Q4 versus the same period last year, and dipped 2 percent versus Q3.
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