Facebook

Facebook reported financial results for the first quarter, which ended March 31, 2013. Revenues for the first quarter totaled $1.46 billion, an increase of 38%, compared with $1.06 billion in the first quarter of 2012.

Facebook’s revenues from advertising was $1.25 billion, representing 85% of total revenue and a 43% increase from the same quarter last year. Mobile advertising revenue represented approximately 30% of advertising revenue for the first quarter of 2013. Payments and other fees revenue was $213 million for the first quarter of 2013.

Facebook spent $1.08 billion in the first quarter, an increase of 60% from the first quarter of 2012; driven primarily by infrastructure expense and increased headcount, says the company.

For the first quarter, income from operations was $373 million, down 2% from $381 million in the first quarter of 2012.  Operating margin was 26% for the first quarter of 2013, compared to 36% in the first quarter of 2012.   ]

For the first quarter, net income was $219 million, up 7% compared to net income of $205 million for the first quarter of 2012. EPS was 9 cents in the first quarter of 2013.   

Capital expenditures for the quarter were $327 million, a 28% decrease from the first quarter of 2012. Additionally, $11 million of equipment was procured or financed through capital leases during the first quarter of 2013, says the social networking behemoth.

Cash and marketable securities were $9.5 billion at the end of the first quarter of 2013.

[Image courtesy: Facebook]