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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.
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]