Facebook revealed its Q2 2014 earnings report. Facebook had another strong quarter and Q 2 2014 sets a new benchmark for the company. CEO Mark Zuckerberg further added, “We had a good second quarter. Our community has continued to grow, and we see a lot of opportunity ahead as we connect the rest of the world.”
While the user base and revenues have been growing for the world’s most popular social network, mobile has been the main attraction this quarter too. The service is growing about twice as fast on mobile compared to its services as a whole. Facebook now has 1.07 billion mobile monthly users, and 654 million daily mobile users. That helped it bring in 62% of its ad revenue from mobile.
1. 829 million daily active users or 63% of users returning each day, with positive growth in Asia(228M) and rest of the world(244M)
2. Facebook now has 1.07 billion mobile monthly users, and 654 million daily mobile users
3. 1.32 billion monthly users with rest of world (411) and Asia (410) witnessing positive growth compared to Q1 2014
4. It now has 391 million mobile-only users, which dwarfs its 240 million desktop-only users
5. Total revenue $2,910 with total payments revenue was down slightly to $234 million from $237 million in Q1
6. US & Canada still lead when it comes to driving ad revenue but again Asia and Rest of World are slowly improving compared to Q1
7. Facebook set records around the world for how much revenue it generated from its users on average around the world
Wall Street responded positively to the earnings release, pushing $FB up 5.25% in after-hours trading to what would be an all-time high above $75.