Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News | Misc

 

Facebook Releases Second Quarter 2013 Financial Results

Facebook is the one company that beats all analysts' expectations for its Q2 2013 financial results. Revenues earned were $1.81 billion, 53% more than last year's Q2, 88% of which were earned through advertising.

Jul 24 2013, 4:37pm CDT | by

1 Updates
Facebook Releases Second Quarter 2013 Financial Results

Getty Images
 
 

YouTube Videos Comments

Full Story

Facebook Releases Second Quarter 2013 Financial Results

Facebook Releases Second Quarter 2013 Financial Results

Facebook has just released its earnings report for second quarter of 2013. It actually beats analysts' expectations by earning $1.81 billion revenues in 2Q 2013. Revenue for Q2 is increased by massive 53% as compared to $1.18 billion in same quarter of last year. Earnings per share are reported to by 19 cents.

The WSJ forecasts $1.62 billion revenues and 14 cents per share earnings for the company. But Facebook earned much more. Mark Zuckerberg will be a really happy man now. The social media giant is the only company till now that beats analysts' expectations. Others like Apple, Google and Microsoft, all misses forecasts.

Facebook's YoY revenue growth trend seen in first quarter was followed in Q2 too. Net income is reported to be $333 million. Daily active users (DAUs) were reported to be 699 million that also saw an upward trend as increased by 27% year-over-year. Monthly active users (MAUs) are also increased by 21% year-over-year and reported to be 1.15 billion as of June 30, 2013. Daily active users on Mobiles were reported 469 million and Mobile MAUs were 819 million as of June 30, 2013.

The main portion of revenue is actually earned from ads. Facebook ads earned 88% of the total revenue. Advertising revenue was reported $1.60 billion with a 61% increase from the same quarter last year. While the company earned 41% of its advertising revenue via mobile ads in Q2. Just $214 million were earned from payments and other fees.
 
Facebook founder and CEO, Mark Zuckerberg states about Q2 financial results, "We've made good progress growing our community, deepening engagement and delivering strong financial results, especially on mobile. 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."

 

iPad Air Giveaway. Win a free iPad Air.

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.

 

 

Comments

blog comments powered by Disqus

Latest stories

Matt Leinart Becomes Pac-12 Networks Football Analyst
Matt Leinart Becomes Pac-12 Networks Football Analyst
Former NFL quarterback Matt Leinart is joining Pac-12 Networks as a college football analyst.
 
 
Carmelo Anthony, Manning Brothers Invest in SeatGeek
Carmelo Anthony, Manning Brothers Invest in SeatGeek
Carmelo Anthony and the Manning brothers -- Peyton and Eli -- are among the new investors of SeatGeek, a search engine for sports and entertainment tickets.
 
 
Peyton Manning Fined For Taunting D.J. Swearinger
Peyton Manning Fined For Taunting D.J. Swearinger
Denver Broncos quarterback Peyton Manning was fined $8,268 for taunting on Aug. 28. Manning got in Houston Texans safety D.J. Swearinger's face after the former converted on a 29-yard touchdown pass to Broncos wide receiver Emmanuel Sanders in the second quarter of their preseason game on Aug. 23.
 
 
Mila Kunis: Ashton’s Ace-Worthy Babe with a Bod and a Bump
Mila Kunis: Ashton’s Ace-Worthy Babe with a Bod and a Bump
The Natural Nikita who is Nice and Normal enough to say No sometimes…
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.