Justin Kahn
Posts: 752 +6
Facebook has reported its second quarter numbers exceeding analyst expectations for the eighth time in a row and resulting in positive reactions in the marketplace. The company shows growth in revenue, income and user numbers. Compared to Q2 of last year, its revenue jumped 61% to $2.91 billion and its net income grew 139% to $791 million.
Facebook is also seeing user growth across the board with 1.32 billion active users and 829 million daily active users, up 14% and 19% year-over-year respectively. When talking specifically about mobile, Facebook's Q2 2014 numbers are even more impressive. The company hit 1.07 billion monthly active mobile users, up nearly 6% from last quarter, and its daily mobile users jumped 7.4% from 609 million to 654 million.
Facebook has also now set records around the world for its global rise in average revenue per user (ARPU), according to reports. The company seems to be pulling in more cash on a user by user basis, even as it continues to grow.
As some have suggested, the growth numbers are fairly impressive for a company that already has so many users, but the expansion also rises costs. Facebook spent $1.52 billion in the second quarter of 2014, up about 22% from the year prior.
However, despite the heavy expenses, Facebook clearly had a strong quarter. "Our community has continued to grow, and we see a lot of opportunity ahead as we connect the rest of the world," Mark Zuckerberg said during a statement accompanying the Q2 results.
https://www.techspot.com/news/57526-facebook-exceeds-expectations-again-with-q2-2014-results.html
