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]