Facebook Inc (FB) Hits $1.8 Billion In Revenues
Facebook Inc (NASDAQ:FB) has hit $1.813 billion in revenues for Q2 2013, which is an increase of 53% year-over-year (yielding an EPS of 19 cents). Analysts were predicting revenues to hit around $1.62 billion (EPS of 14 cents). This past quarter, around 30% of Facebook’s revenues came from mobile devices. Analysts were expecting that to rise to 33% this quarter. Instead, Facebook’s mobile revenues accounted for 41% of revenues.
Daily Average Users: Facebook’s daily average users rose 27% year-over-year to 699 million.
Monthly Active Users: Facebook’s monthly active users are up 21% to 1.15 billion.
Monthly Average Mobile Users: Facebook’s monthly average mobile users jumped 51% to 819 million.
“We’ve made good progress growing our community, deepening engagement and delivering strong financial results, especially on mobile” stated Facebook co-founder and CEO Mark Zuckerberg. “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.”