Facebook (FB) Tops Q2 EPS by 10c

Facebook (NASDAQ: FB) reported Q2 EPS of $0.42, $0.10 better than the analyst estimate of $0.32. Revenue for the quarter came in at $2.9 billion versus the consensus estimate of $2.8 billion.

"We had a good second quarter," said Mark Zuckerberg, Facebook founder and CEO. "Our community has continued to grow, and we see a lot of opportunity ahead as we connect the rest of the world."

Second Quarter 2014 Operational Highlights

• Daily active users (DAUs) were 829 million on average for June 2014, an increase of 19% year-over-year.
• Mobile DAUs were 654 million on average for June 2014, an increase of 39% year-over-year.
• Monthly active users (MAUs) were 1.32 billion as of June 30, 2014, an increase of 14% year-over-year.
• Mobile MAUs were 1.07 billion as of June 30, 2014, an increase of 31% year-over-year.

Second Quarter 2014 Financial Highlights

Revenue – Revenue for the second quarter of 2014 totaled $2.91 billion, an increase of 61%, compared with $1.81 billion in the second quarter of 2013. Excluding the impact of year-over-year changes in foreign exchange rates, revenue would have increased by 59%.

• Revenue from advertising was $2.68 billion, a 67% increase from the same quarter last year. Excluding the impact of year-over-year changes in foreign exchange rates, revenue from advertising would have increased by 65%.
• Mobile advertising revenue represented approximately 62% of advertising revenue for the second quarter of 2014, up from approximately 41% of advertising revenue in the second quarter of 2013.
• Payments and other fees revenue was $234 million, a 9% increase from the same quarter last year.

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

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