Play Store Now Drives Google’s Fastest-Growing Revenue Segment

From Billboard:

Sales of apps and content via the Google Play store are primarily responsible for a half-billion dollar revenue increase year-over-year at Google’s fastest-growing business segment, executives reported during the company’s second-quarter earnings call.

Concurrently with the earnings announcement, chief business officer Nikesh Arora revealed that he will step down from his position to become vice chairman of SoftBank Corp. and CEO of its internet and media division. Google sales executive Omid Kordestani will become the temporary leader of its sales operations, effective August 1.

The segment Google describes as “Other Revenue” represents almost exactly a tenth of its overall sales, pulling in $1.596 billion of its overall $15.955 billion during the April-to-June period. The segment revenues were up $550 million, or 53%, compared with the same quarter in 2013; while companywide gross overall consolidated revenues were up 22% over the same period.