Facebook blames IPO costs for net loss of $157 million
The social network posted a revenue rise of 32 percent taking quarterly turnover to $1.18 billion
By Cameron Scott | IDG News Service | Published 09:06, 27 July 12
The company reported a 32 percent rise in revenues boosting turnover to US$1.18 billion and slightly beating analysts' expectations. Facebook recorded a $240 million profit in the same quarter of last year.
Analysts polled by Thomson/First Call expected $1.15 billion in revenue. Adjusted for one-time expenses, earnings per share were in line with analysts' expectations at US$0.12. Those earnings are based on an adjusted net income figure of $295 million, slightly increased from adjusted net income of $285 million in the same quarter of 2011.
As expected, mobile users were the growth highlight for the company, increasing 67 percent year-over-year to 543 million as of June 30. Monthly active users were up 29 percent to 955 million, while daily active users were up 32 percent to 552 million on average.
Advertising revenue accounted for 84 percent of the total take at $992 million, up 28 percent year over year. Payments and other fees revenue were $192 million in the quarter.
Share:Facebook Twitter Google Plus Stumble Upon Reddit Share This Email this article
There are just 16 female executives in the first five FTSE 100 companies and technology firms fare even worsemore ..
CFOs are in prime position to improve customer satisfaction, CEO of Customer Service Institute saysmore ..
The separate UK listing is expected to take place over the next 12 months, the company said in its half-year results updatemore ..
Murdoch's 21st Century Fox confirmed it made a takeover offer for Time Warner in Junemore ..
It is not enough to assign a contract and then expect the outsourcer to run with it independentlymore ..
Ed Harding offers an insight into the life of an interim CFO and the advantages in driving transformationmore ..