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Facebook (FB) Tops Q1 EPS by 10c

April 23, 2014 4:01 PM EDT

(Updated - April 23, 2014 4:03 PM EDT)

Facebook (NASDAQ: FB) reported Q1 EPS of $0.34, $0.10 better than the analyst estimate of $0.24. Revenue for the quarter came in at $2.5 billion versus the consensus estimate of $2.34 billion.

First Quarter 2014 Operational Highlights

  • Daily active users (DAUs) were 802 million on average for March 2014, an increase of 21% year-over-year.
  • Mobile DAUs were 609 million on average for March 2014, an increase of 43% year-over-year.
  • Monthly active users (MAUs) were 1.28 billion as of March 31, 2014, an increase of 15% year-over-year.
  • Mobile MAUs were 1.01 billion as of March 31, 2014, an increase of 34% year-over-year.

Facebook today also announced that David Ebersman has informed the company of his intention to step down as chief financial officer after serving in the position for almost five years. On June 1, 2014, he will be succeeded as CFO by David Wehner, currently Facebook's Vice President, Corporate Finance and Business Planning. Ebersman will remain with the company through September to ensure a seamless transition of his responsibilities.

For earnings history and earnings-related data on Facebook (FB) click here.



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