Facebook Reports $1.18b in Q2 Revenue, Earning $0.12 Per Share

Facebook has just reported its second quarter financial results, which includes revenues of $1.18 billion, and earning per share of $0.12. This is Facebook’s first-ever quarterly earnings after the company went public with its IPO in May 2012.

Analysts expected that the Q2 revenue figure would be $1.15 billion, which is slightly lesser than what is announced, and shows a 32 percent year-over-year growth. Facebook’s EPS, however, was right in-line with the mean of analysts’ estimates for the quarter. Facebook posted a net loss for the quarter of $157 million.

Facebook Q2 2012 Revenue Report

The $992 million revenue is Facebook’s highest ever revenue earning in advertising, while the $192 million revenue was generated from payments and other fees, mostly selling Facebook credits.

Second Quarter 2012 Operational Highlights

  • Monthly active users (MAUs) were 955 million as of June 30, 2012, an increase of 29% year-over-year.
  • Daily active users (DAUs) were 552 million on average for June 2012, an increase of 32% year-over-year.
  • Mobile MAUs were 543 million as of June 30, 2012, an increase of 67% year-over-year

Shares have hammered Facebook’s Q2 earnings. From its release:

“For the second quarter, GAAP loss from operations was $743 million, compared to income from operations of $407 million for the second quarter of 2011. Excluding share-based compensation and related payroll tax expenses, non-GAAP income from operations for the second quarter was $515 million, compared to $477 million for the second quarter of 2011.”

Facebook also announced that the social networking site closed the second quarter with 955 million monthly active users (MAUs), which is an increase of 29 percent year-over-year. Also, the site had over 552 million daily active users — a 32 percent year-over-year. Mobile monthly active users on the other hand increased rapidly to 543 million people showing 67 percent year-over-year growth.

Facebook Q2 2012 MAU

Facebook has also reported the average revenue per user that it earned during the second quarter. U.S and Canada topped the list with Facebook earning nearly $3.20 per user, while Europe is second on the list with $1.43 per user. Asia, on the other hand showed disappointing results, with generating just $0.55 per user.

Worldwide, the average revenue generated per user for this year’s Q2 is $1.28, which is a little less than the Q1 record of $1.21. However, Q4 of 2011 has been the highest ever for Facebook with $1.38 per user.

Facebook launched several new mobile products, including:

  • A new Facebook Camera app for iPhone
  • An improved version of the mobile messenger app for both iOS and Android, and several updates to the Facebook Android app.
  • Launched global App Center where users can discover relevant apps for mobile and web.
  • Apple announced plans for a deep Facebook integration throughout the next version of Apple’s iOS and OSX.

“Our goal is to help every person stay connected and every product they use be a great social experience,” said Mark Zuckerberg, Facebook founder and CEO. “That’s why we’re so focused on investing in our priorities of mobile, platform and social ads to help people have these experiences with their friends.”

Facebook opened at $27.77 on Thursday after the social networking’s top game-maker Zynga, posted disappointing Q2 earnings. Facebook shares closed at $26.84 for the day. Zynga blamed the fall in its Q2 financial due to the recent changes to the Facebook platform.

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Joel Fernandes

Joel Fernandes (G+) is a tech enthusiast and a social media blogger. During his leisure time, he enjoys taking photographs, and photography is one of his most loved hobbies. You can find some of his photos on Flickr. He does a little of web coding, and maintains a tech blog of his own - Techo Latte. Joel is currently pursuing his Masters in Computer Application from Bangalore, India. You can get in touch with him on Twitter - @joelfernandes, or visit his Facebook Profile for more information.