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Friday, July 26, 2013

Quarterly results announced by Facebook

Monthly mobile users up 51% from last year

Facebook has reported results for the second quarter of its financial year. Revenue was up 53% year-on-year to $1.81 billion (£1.18 billion), while the Q2 2012 loss was now a $333 million profit. 88% of total revenue ($1.6 billion) was from advertising, with around 41% of this figure coming from mobile ads.

The number of users visiting the social network every day was up 27% year-on-year to 699 million, while monthly active users were up 21% to 1.15 billion. Monthly mobile users were up 51% to 819 million, with the ‘Facebook for Every Phone’ service having over 100 million monthly active users.

Mark Zuckerberg, Facebook co-founder and CEO, said “We’ve made good progress growing our community, deepening engagement and delivering strong financial results, especially on mobile. The work we’ve done to make mobile the best Facebook experience is showing good results and provides us with a solid foundation for the future.”

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Author: The Fonecast
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Tags: facebook social networking

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