Facebook beats by $0.10, beats on revs
Reports Q2 (Jun) earnings of $0.42 per share, $0.10 better than the Capital IQ Consensus Estimate of $0.32; revenues rose 60.5% year/year to $2.91 bln vs the $2.81 bln consensus.
** Revenue from advertising was $2.68 billion, a 67% increase y/y. Excluding the impact of year-over-year changes in foreign exchange rates, revenue from advertising would have increased by 65%.
* Daily active users (DAUs) were 829 million on average for June 2014, an increase of 19% year-over-year.
Mobile DAUs were 654 million on average for June 2014, an increase of 39% year-over-year.
* Monthly active users (MAUs) were 1.32 billion as of June 30, 2014, an increase of 14% year-over-year.
Mobile MAUs were 1.07 billion as of June 30, 2014, an increase of 31% year-over-year.
* Mobile advertising revenue represented approximately 62% of advertising revenue for the second quarter of 2014, up from approximately 41% of advertising revenue in the second quarter of 2013.
* Payments and other fees revenue was $234 million, a 9% increase from the same quarter last year.
* GAAP costs and expenses for the second quarter of 2014 were $1.52 billion, an increase of 22% from the second quarter of 2013. Excluding share-based compensation and related payroll tax expenses, non-GAAP costs and expenses were $1.2 billion in the second quarter of 2014, up 18% compared to $1.02 billion for the second quarter of 2013.
Capital expenditures for the second quarter of 2014 were $469 million.
* Cash and marketable securities were $13.96 billion at the end of the second quarter of 2014.
* Free cash flow for the second quarter of 2014 was $872 million.