Facebook posts first earnings as a public company: $1.18 billion in revenue, 955 million users

Facebook revealed its Q1 earnings in an SEC filing leading up to its big IPO earlier this year, but it's now officially out with its first earnings report as a public company. For Q2 of 2012, it saw $1.18 billion in revenue, up 32 percent year-over-year and slightly better than what analysts were expecting, while GAAP net income sat at a loss of $157 million (down from a profit of $240 million a year ago). On a non-GAAP basis, though, net income is actually up from $285 million to $295 million. What's more, the company also confirmed that it has 955 million monthly active users (or what it calls MAUs) as of the end of June, up 29 percent year-over-year -- a figure that includes 543 million mobile users, an increase of 67 percent. Daily active users totaled 552 million for the same time period, up 32 percent year-over-year. Not surprisingly, a huge chunk -- 84 percent -- of that revenue comes from advertising, which brought in $992 million for the quarter, an increase of 28 percent from last year. That apparently wasn't enough to please investors, though, who have sent the company's stock to a new low of less than $25 (down over ten percent) in after hours trading.

Filed under: Internet

Facebook posts first earnings as a public company: $1.18 billion in revenue, 955 million users originally appeared on Engadget on Thu, 26 Jul 2012 16:12:00 EDT. Please see our terms for use of feeds.