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Earnings came in 50 cents per share on revenue that rose 39 percent to $4.04B
After running up 12 percent in the last month ahead of Facebook's second-quarter report, shares tumbled four percent in after-hours trading, despite the company posting second-quarter results that handily beat Wall Street expectations on Wednesday.
Facebook posted revenue of $4.04 billion for the quarter, beating Wall Street's estimates of $3.98 billion. Adjusted earnings per share came in at 50 cents in the quarter, higher than the 47 cents a share that analysts had been expecting.
"This was another strong quarter for our community," Mark Zuckerberg, Facebook founder and CEO, said in a statement. "Engagement across our family of apps keeps growing, and we remain focused on improving the quality of our services."
Advertising revenue was $3.8 billion for the quarter. It increased 43% from the same quarter the year before. Mobile accounted for 76% of that revenue, up from approximately 62% of advertising revenue in the second quarter of 2013. Revenue from payments and fees for the quarter was $215 million, an 8% decrease year-to-year.
GAAP net income was $719 million, while non-GAAP net income for the quarter was $1.4 billion,
Daily active users (DAUs) were 968 million on average, an increase of 17% year-over-year, while mobile DAUs were 844 million on average, an increase of 29%.
Monthly active users (MAUs) were 1.49 billion on average, an increase of 13% year-over-year, while mobile MAUs were 1.31 billion on average, an increase of 23%.
Facebook shares had gone up 1.7% or $1.70, to $96.99 a share in regular trading. They are now up nearly $20 after beginning the year trading at $78.58 per share.
(Image source: techxplore.com)
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