It looks like Facebook's incredible success won't be ending anytime soon! The site revealed their latest quarter earnings, and they took in $2.9 billion in revenues. This was even higher than the 2.81 billion analysts had predicted. In addition, they beat the earnings per share prediction by 10 cents. Facebook's stock went up almost 4%, and closed at $71.29. Shareholders were very pleased by Facebook's announcement.
This was a dramatic revenue increase for Facebook. The numbers are 63% higher than what they reported this time last year. Here's how Facebook made that money. For one, advertising revenue increased significantly. They made $2.63 billion from ads, up 67% from this period in 2013. The revenue increase is even higher when you discount the impact of changes in foreign exchange rates.
For 2014 Q2, Facebook posted a whopping 2.9 billion dollar revenue compared to an expected 2.81 billion. It was a substantial number as well as beating the expectations of analysts. Facebook also beat the expected earnings per share with $0.42 per share compared to analysts' projections of $0.32. That is a big deal.
When commenting on the report, Facebook founder Mark Zuckerberg seemed pleased about the company's growth. He expressed interest in the opportunities the company had ahead of them, particularly global opportunities. Financial growth wasn't the only kind of growth that Facebook experienced. They also saw a dramatic increase in their user base. The company claims to have 1.3 billion active users, which is a 14% increase from last year.
How many people use Facebook worldwide? An estimated 1.32 billion people use Facebook, which is a number that is still growing! Other statistics during the 2nd quarter were better than the previous quarter for Facebook as well, so you can bet that people are excited and buying shares. Facebook recently closed at 71.29. Where is it at by the time you read this?
There are endless results out there showcasing how FaceBook is the largest social media platform in the world. The stock has closed up around $71 and is still rising. This showcases that a downfall is not even remotely around the corner considering how things are transpiring. The expectations at the moment were coming in at $0.32 increases across all shares. However, this has been smashed as FaceBook was able to increase their shares by $0.42. This is a significant amount of money in terms of an increase considering how many shares are out there at the moment.
This was a dramatic revenue increase for Facebook. The numbers are 63% higher than what they reported this time last year. Here's how Facebook made that money. For one, advertising revenue increased significantly. They made $2.63 billion from ads, up 67% from this period in 2013. The revenue increase is even higher when you discount the impact of changes in foreign exchange rates.
For 2014 Q2, Facebook posted a whopping 2.9 billion dollar revenue compared to an expected 2.81 billion. It was a substantial number as well as beating the expectations of analysts. Facebook also beat the expected earnings per share with $0.42 per share compared to analysts' projections of $0.32. That is a big deal.
When commenting on the report, Facebook founder Mark Zuckerberg seemed pleased about the company's growth. He expressed interest in the opportunities the company had ahead of them, particularly global opportunities. Financial growth wasn't the only kind of growth that Facebook experienced. They also saw a dramatic increase in their user base. The company claims to have 1.3 billion active users, which is a 14% increase from last year.
How many people use Facebook worldwide? An estimated 1.32 billion people use Facebook, which is a number that is still growing! Other statistics during the 2nd quarter were better than the previous quarter for Facebook as well, so you can bet that people are excited and buying shares. Facebook recently closed at 71.29. Where is it at by the time you read this?
There are endless results out there showcasing how FaceBook is the largest social media platform in the world. The stock has closed up around $71 and is still rising. This showcases that a downfall is not even remotely around the corner considering how things are transpiring. The expectations at the moment were coming in at $0.32 increases across all shares. However, this has been smashed as FaceBook was able to increase their shares by $0.42. This is a significant amount of money in terms of an increase considering how many shares are out there at the moment.
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