Facebook meets expectations, posts profit in Q2

Facebook logoFacebook on Thursday announced its first-ever quarterly earnings as a publicly traded company, meeting Wall Street expectations with a profit of 12 cents per share on revenue of $1.18 billion.

The social networking giant's performance was almost exactly in line with consensus which estimated quarterly earnings to hit $0.12 per share on revenue of $1.16 billion. Facebook's IPO was listed on the NASDAQ stock exchange in early May as one of the biggest in tech history though the stock quickly tumbled in intraday trading.

Advertising revenue was up 28 percent for the second calendar quarter, reaching $992 million as monthly active users totaled 955 million for the period ending on June 30. While the monthly user count represented an increase of 29 percent year-to-year and met consensus, the number of daily active users blew away estimates with an average of 552 million in June. DAUs increased 32 percent year-over-year while consensus was at 19 percent.

Showing the greatest growth since last year was mobile active users which topped out at 543 million as of June 30 representing a 67 percent increase from the year ago quarter. Fueling a significant portion of Facebook's mobile growth are apps made for Apple's iOS which augment the social media experience like Facebook Messenger.

The announcement was not without its shortfalls, however, as it was revealed the company would have actually suffered a $157 million net loss amounting to a drop of $0.08 per share if a pre-2011 restricted stock unit compensation was counted in the quarterly results. Company spending was also high for the quarter at $413 million in capital expenditures, a year-to-year increase of 213 percent. Facebook also reported a GAAP operating loss of $743 million for the second quarter of 2012 compared to a GAAP operating income of $407 million in the year ago quarter.

More recently, the company launched its Facebook App Center which provides a hub for users to browse Facebook-integrated iOS and Android apps. On Wednesday the App Center went international and rolled out in Brazil, France, Germany, Russia, Spain, Taiwan and Turkey, according to Venture Beat.

A recent report claimed Facebook hired a number of former Apple engineers to work on a reworked performance-minded iOS app for release sometime in the near future. The company is also said to be developing a self-branded smartphone to be built by HTC for release in late 2012 or mid-2013.

Facebook stock ended the day down 2.5 points or 8.5 percent and is seeing a further declines in after market trading, dropping another 2.8 points or 10.45 percent percent. As of this writing the stock is hovering just above $24.

Source: AppleInsider

Tags: Facebook, report

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
Galaxy Note10 really is built around a 6.7-inch display
 
You may still be able to download your content
 
Facebook, Messenger and Instagram are all going away
 
Minimize apps to a floating, always-on-top bubble
 
Japan Display has been providing LCDs for the iPhone XR, the only LCD model in Apple’s 2018 line-up
 
The 2001 operating system has reached its lowest share level
 
The entire TSMC 5nm design infrastructure is available now from TSMC
 
The smartphone uses a Snapdragon 660 processor running Android 9 Pie
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 / 2
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
1234567
891011121314
15161718192021
22232425262728
293031    




Poll

Do you use microSD card with your phone?
or leave your own version in comments (15)