|Facebook Q2 Revenues up 61pct to $2.91 Billion|
Profit was also up significantly in the quarter, to $791 million, from $333 million in the previous quarter.
I would imagine it'll be taking some ad Dollars especially from Google now that it's proven Facebook is a serious competitor. Yahoo must also be concerned about that, too.
|Facebook, Inc. (NASDAQ: FB) today reported financial results for the quarter ended June 30, 2014. |
"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."Facebook Q2 Revenues up 61pct to $2.91 Billion [investor.fb.com]
|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.
I admit, I was one of the naysayers, but only from the respect that I thought the company was overvalued.
|Mark Zuckerberg is staring down naysayers who hammered Facebook Inc. (FB)ís stock after its debut two years ago, as shares surged to a record today. |
Facebook rose as much as 6.7 percent to $76.03 at the open in New York, topping the previous intraday high of $72.59 set in March. Fueling the rise: The company showed again that mobile advertisements are powering revenue and profit. Facebook Stock Reaches $76.03 [bloomberg.com]
Just might be trying to give Google a run for the money? ..
in an ad dollars sort of way ..
|brotherhood of LAN|
Lots of people thought Google was overvalued at $80 and the possibility of another engine toppling it.
I thought both were overvalued, but FB seem to be doing a grand job of better monetisation since they floated.
So they have almost $3 billion in ad revenue. Problem is that most ads don't work on FB or generate so little sales that it is difficult to take seriously. Google PPC owns it! Is any WebmasterWorld member making a super return on FB ads (both ROI and sale volume)? Half of that $3b is likely stupid people buying likes.
DirigoDev that question could make a good new thread.