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Thursday, July 25, 2013
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Facebook 2Q Results Beat Estimates
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Facebook on Wednesday posted higher revenue from mobile ads and
delivered a healthy second-quarter profit that reversed a loss
in the same period a year ago.
The social network also reported an increasement in daily
visitors to its service. Its daily active users were 699
million on average for June 2013, an increase of 27% year-
over-year. Monthly active users were 1.15 billion as of June
30, 2013, an increase of 21% year-over-year. Mobile monthly
active users were 819 million as of June 30, 2013, an increase
of 51% year-over-year.
Sales for the quarter ended June 30 were US$1.81 billion, up 53
percent compared to $1.18 billion during the same period last
year.
The company's advertising revenue was $1.6 billion,
representing 88 percent of total revenue, the company reported,
and a 61 percent increase from the same quarter last year.
Mobile advertising revenue represented approximately 41% of
advertising revenue for the second quarter of 2013.
The company posted profits, meanwhile, of $333 million, at
$0.13 per share, compared to a net loss of $157 million for the
second quarter of 2012, at $0.08 a share.
"We've made good progress growing our community, deepening
engagement and delivering strong financial results, especially
on mobile," said Mark Zuckerberg, Facebook founder and CEO.
"The work we've done to make mobile the best Facebook
experience is showing good results and provides us with a solid
foundation for the future." |
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