For the second-quarter, Facebook earned 42 cents a share on $2.91 billion in revenue, as revenue from advertising was $2.68 billion, a 67% increase year over year. Mobile advertising revenue rose rose 41% year over year, accounting for 62% of total advertising sales, coming in at $1.66 billion. Payments and other fees revenue was $234 million, a 9% increase from the same quarter last year. Analysts surveyed by Thomson Reuters expect Facebook to earn 32 cents a share on $2.81 billion in revenue.
Why a Facebook earnings miss could be “devastating” – Yahoo News
On May 7, 2012, 11 days before Facebook suffered the biggest tech IPO flop in modern history, the company filed an amendment to its prospectus, on pages 14, 17, and 57, that amounted to a blaring red light for investors. “The trend we saw in the first quarter of DAUs increasing more rapidly than the increase in number of ads delivered has continued. We believe this trend is driven in part by increased usage of Facebook on mobile devices where we have only recently begun showing an immaterial number of sponsored stories.” In other words, as Khadeeja Safdar reported in The Atlantic, mobile was eating Facebook. What a difference two years makes.
Facebook Is Eating Mobile – Yahoo Finance
A link has been sent. Done Content preferences Done Social media behemoth Facebook ( FB ) will report fiscal second-quarter earnings after the close of trading Wednesday. Wall Street analysts are expecting Facebook to report $0.32 EPS and revenue of $2.85 billion — a 55% increase from the same quarter a year ago.