Facebook (FB) Beats Revenue, Stock Pops, Investors Dump
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After initially popping 5 percent following the earnings release, investors used a rally in Facebook (Nasdaq: FB) as an opportunity to dump shares, resulting in the stock's decline. Shares of Facebook are now trading lower by 10 percent following the release of earnings.
2Q earnings for the company were in-line with estimates at $0.12. Revenue for the quarter came in at $1.18 billion versus the consensus estimate of $1.15 billion. Revenue for 2Q 2011 was $895 million.
Revenue from advertising was $992 million, representing 84 percent of total revenue and a 28 percent increase from the same quarter last year. Payments and other fees revenue for the second quarter was $192 million. Monthly active users (MAUs) were 955 million as of June 30, 2012, an increase of 29% year-over-year. Daily active users (DAUs) were 552 million on average for June 2012, an increase of 32% year-over-year. Mobile MAUs were 543 million as of June 30, 2012, an increase of 67% year-over-year.
CEO Mark Zuckerberg, speaking on the call, said the company is focusing on mobile.
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2Q earnings for the company were in-line with estimates at $0.12. Revenue for the quarter came in at $1.18 billion versus the consensus estimate of $1.15 billion. Revenue for 2Q 2011 was $895 million.
Revenue from advertising was $992 million, representing 84 percent of total revenue and a 28 percent increase from the same quarter last year. Payments and other fees revenue for the second quarter was $192 million. Monthly active users (MAUs) were 955 million as of June 30, 2012, an increase of 29% year-over-year. Daily active users (DAUs) were 552 million on average for June 2012, an increase of 32% year-over-year. Mobile MAUs were 543 million as of June 30, 2012, an increase of 67% year-over-year.
CEO Mark Zuckerberg, speaking on the call, said the company is focusing on mobile.
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Facebook is Worthless
Jill on Jul 26, 2012 05:19 PMMark as Spam | Reply to this comment
No, this is really troubling. You could see this coming years ago. Facebook is well on its way to becoming worthless...
http://mankabros.com/blogs/onmedea/2010/07/01/facebook-is-worthless/