One new article link has been added to our Related News page. TechCrunch published an article titled Facebook Beats In Q2 With $2.91 Billion In Revenue, 62% Of Ad Revenue From Mobile, 1.32B Users.
Facebook’s earnings beat projections for the 8th quarter straight with $2.91B in revenue and $0.42EPS in Q2 2014. The service is growing about twice as fast on mobile compared to its services as a whole. Facebook now has 1.07 billion mobile monthly users, and 654 million daily mobile users. That helped it bring in 62% of its ad revenue from mobile. In total, Facebook now has 1.32 billion monthly users and 829 million daily users, or 63% of users returning each day. It beat Wall Street’s estimates of $2.81 billion in revenue and $0.32 EPS.