Facebook Q2 Earnings Beats With $1.81B In Revenue, Up 53%, Mobile Hits 41% Of Ad Revenue Today Facebook reported its second quarter financial performance including revenue of $1.81 billion. Analysts had expected Facebook to earn $0.14 per share on top line of $1.62 billion. Facebook’s second quarter revenue is up 53% on a year over year basis. Analysts had expected a 37% increase. In the quarter, Facebook had net income of $333 million. In its most recent sequential quarter, Facebook, the first of 2013, Facebook’s revenue totaled $1.46 billion, and it earned $0.12 per share. Mobile income as a percentage of ad revenue totaled 41%, up 11% from the preceding quarter, when it totaled 30%. In the final quarter of 2012, mobile ad income was but 24% of total advertising top line. Facebook has proven that it can monetize its growing mobile usage in a big way. Investors will be satiated in that concern. The majority of Facebook’s revenue comes from advertising related income. However, its payments and fee revenue totaled $214 million during the quarter, up 11% on a year over year basis. On the usage front, Facebook demonstrated strong growth, with its daily active user tally rising 27% on a yearly basis to 699 million. Monthly active users now total 1.15 billion for Facebook, up 21% when compared to the second quarter of 2012. Finally, mobile monthly active users were up 51% compared to 2012, to 819 million. Facebook’s capital expenses were down in the quarter, but it continues to suffer from margin pressure. In the second quarter, Facebook’s operating margin was 31%. Facebook ended the quarter with $10.3 billion in cash and short term investments, leaving it very well capitalized. In regular trading Facebook was up around 1%. In after hours trading, Facebook is massively up. http://techcrunch.com/2013/07/24/...-53-mobile-hits-41-of-ad-revenue/ |