Facebook Inc (FB) Hits $1.8 Billion In Revenues

Posted Jul 24, 2013

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.?