Jul 24 2013, 4:37pm CDT | by Sumayah Aamir
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."
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