This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Facebook Earnings Soar: Live Blog Recap

NEW YORK ( TheStreet) -- Facebook's (FB - Get Report) second-quarter results put the spotlight on mobile, and the social networking giant delivered in a huge way.

The Menlo Park, Calif.-based social network earned 19 cents a share on $1.813 billion in revenue for the quarter. Total advertising revenue was $1.6 billion, 88% of total revenue, and up 61% year-over-year. Mobile advertising accounted for 41% of advertising revenue this quarter.

Analysts surveyed by Thomson Reuters were expecting Facebook to earn 14 cents a share on $1.62 billion in revenue for the quarter.

Last quarter, Facebook earned 12 cents a share on revenue of $1.458 billion, a year-over-year increase of 38%. Mobile revenue accounted for 30% of total advertising revenue, a pretty healthy number, given Facebook had little in the way of mobile revenue when it went public.

On the earnings call, CEO Mark Zuckerberg noted that the ratio of daily active users to monthly has actually increased, something that surprised him. Now "61% of monthly actives are daily actives, and that ratio has continued to increase," Zuckerberg said. "In our most penetrated markets, like the US, more than 70% of actives use our services daily. And now, more than 700 million people worldwide use Facebook daily."

He also noted that people are spending more time on Facebook than ever before. "According to third party metrics like Comscore and Nielsen, Facebook's share of time spent in the US is either steady or increasing, and we believe it is steady or increasing everywhere as well," Zuckerberg said. "This makes sense to me because Facebook helps you maintain your real identity and real relationships, which are universal needs. We believe that if we execute well, we have a good shot at growing the amount of time people spend using Facebook while also maintaining or increasing our overall share of time spent."

Shares of Facebook jumped following the results, gaining 17.13% to $31.05.

-- Written by Chris Ciaccia in New York

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
FB $117.15 0.36%
AAPL $93.60 -1.30%
GOOG $695.12 0.59%
TSLA $246.30 -0.57%
YHOO $36.42 -0.46%


Chart of I:DJI
DOW 17,709.85 -120.91 -0.68%
S&P 500 2,064.99 -10.82 -0.52%
NASDAQ 4,777.2430 -28.0480 -0.58%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs