tech:

taffy

Facebook Reports Second Quarter 2014 Results

facebook

Facebook reported financial results for the quarter ended June 30, 2014.

Mark Zuckerberg (Founder and CEO, Facebook): We had a good second quarter. Our community has continued to grow, and we see a lot of opportunity ahead as we connect the rest of the world.

Revenue for the second quarter of 2014 totaled $2.91 billion, an increase of 61%, compared with $1.81 billion in the second quarter of 2013. Revenue from advertising was $2.68 billion, a 67% increase from the same quarter last year. Mobile advertising revenue represented approximately 62% of advertising revenue for the second quarter of 2014, up from approximately 41% of advertising revenue in the second quarter of 2013. Costs and expenses for the second quarter of 2014 were $1.52 billion, an increase of 22% from the second quarter of 2013.

For the second quarter of 2014, income from operations was $1.39 billion, up 147% compared to $562 million in the second quarter of 2013. Operating margin was 48% for the second quarter of 2014, compared to 31% in the second quarter of 2013.

For the second quarter of 2014, net income was $791 million, up 138% compared to $333 million for the second quarter of 2013. Diluted EPS was 30 cents in the second quarter of 2014, up 131% compared to 13 cents in the second quarter of 2013.  Capital expenditures for the second quarter of 2014 were $469 million.

Cash and marketable securities were $13.96 billion at the end of the second quarter of 2014. Free cash flow for the second quarter of 2014 was $872 million.

Second Quarter 2014 operational highlights:

  • Daily active users (DAUs) were 829 million on average for June 2014, an increase of 19% year-over-year.
  • Mobile DAUs were 654 million on average for June 2014, an increase of 39% year-over-year.
  • Monthly active users (MAUs) were 1.32 billion as of June 30, 2014, an increase of 14% year-over-year.
  • Mobile MAUs were 1.07 billion as of June 30, 2014, an increase of 31% year-over-year.

[Image courtesy: Facebook]

 

Also see:

TransUnion to acquire Neustar for $3.1B

TransUnion has signed a definitive agreement to acquire Neustar from a private investment group led by Golden Gate Capital and with minority participation by GIC.

Huvr raises $5M

Huvr, a cloud-based industrial asset management solution company, has raised $5 million.

American Express acquires fintech company Kabbage

American Express has entered into an agreement to acquire Kabbage, a financial technology company that provides cash flow management solutions to small businesses.

AP to equip visual journalists globally with Sony imaging products

Sony and The Associated Press (AP) have inked a collaboration that will make Sony the exclusive imaging products and support provider for AP news photographers and video journalists globally.

Equifax acquires Ansonia

Equifax has acquired Ansonia, a provider of business credit, collections, and account receivable data used by financial institutions, creditors, and businesses focused on the transportation and logistics industries.