Facebook beats by $0.15, beats on revs
Reports Q2 (Jun) earnings of $0.97 per share, $0.15 better than the Capital IQ Consensus of $0.82; revenues rose 59.2% year/year to $6.44 bln vs the $6 bln Capital IQ Consensus.
Second Quarter 2016 Operational Highlights
* Daily active users (DAUs)- DAUs were 1.13 billion, better than expected, on average for June 2016, an increase of 17% y/y; Q1 +16%, Q4 +17%
Mobile DAUs- Mobile DAUs were 1.03 billion on average for June 2016, an increase of 22% y/y; Q1 was +24%, Q4 was +25%
* Monthly active users (MAUs)- MAUs were 1.71 billion, better than expected, as of June 30, 2016, an increase of 15% /y-
Mobile MAUs were 1.57 billion as of June 30, 2016, an increase of 20% year-over-year; Q1 and Q4 was 21%
* Mobile advertising revenue- Mobile advertising revenue represented approximately 84% of advertising revenue (Expectations were for approx 82.7%) for the second quarter of 2016, up from approximately 76% of advertising revenue in the second quarter of 2015.
* Capital expenditures- Capital expenditures for the second quarter of 2016 were $995 million.