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Sep 10, 2016

Facebook Q2 Revenue

Facebook’s earnings beat projections for the 8th quarter straight with $2.91B in revenue and $0.42EPSin Q2 2014. The service is growing about twice as fast on mobile compared to its services as a whole. Facebook now has 1.07 billion mobile monthly users, and 654 million daily mobile users. That helped it bring in 62% of its ad revenue from mobile. In total, Facebook now has 1.32 billion monthly users and 829 million daily users, or 63% of users returning each day. It beat Wall Street’s estimates of $2.81 billion in revenue and $0.32 EPS. Wall Street responded positively to the earnings release, pushing $FB up 5.25% in after-hours trading to what would be an all-time high above $75. Compared to Q1 2014, Facebook’s total user count is up 3.125% from 1.28 billion total monthly users to 1.32 billion, and total daily user count is up 3.36% from 802 million to 829 million. Monthly mobile user count is up 5.9% from 1.01 billion to 1.07 billion, and daily mobile user count is up 7.4% from 609 million to 654 million.

Read More at http://techcrunch.com