Facebook (FB) Tops Q2 EPS by 2c, Revenues Miss; Warns Revenue Growth to Slow

Facebook (NASDAQ: FB) reported Q2 EPS of $1.74, $0.02 better than the analyst estimate of $1.72. Revenue for the quarter came in at $13.23 billion versus the consensus estimate of $13.36 billion.

On its call, Facebook said it expects revenue growth rates will decline by high single-digit percentages from prior quarters in Q3 and Q4. The company sees operating margins toward mid-30s.

Second Quarter 2018 Operational and Other Financial Highlights

• Daily active users (DAUs) – DAUs were 1.47 billion on average for June 2018, an increase of 11% year-over-year.
• Monthly active users (MAUs) – MAUs were 2.23 billion as of June 30, 2018, an increase of 11% year-over-year.
• Mobile advertising revenue – Mobile advertising revenue represented approximately 91% of advertising revenue for the second quarter of 2018, up from approximately 87% of advertising revenue in the second quarter of 2017.
• Capital expenditures – Capital expenditures for the second quarter of 2018 were $3.46 billion.
• Cash and cash equivalents and marketable securities – Cash and cash equivalents and marketable securities were $42.31 billion at the end of the second quarter of 2018.
• Headcount – Headcount was 30,275 as of June 30, 2018, an increase of 47% year-over-year.

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

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