Mark Zuckerberg, Facebook CEO, has announced its second quarterly earnings of Facebook and his related social network platforms of 2015. The CEO, Mark Zuckerberg, said on his Facebook page that the world is growing closer together, with each generation. He also thanked the Facebook users for being a part of it.
Facebook Proudly Announced its Second Quarter Report of 2015 as monthly active users reach to 1.49 Billion
As compared to first quarter report, Facebook users increase from 1.44 Billion to 1.49 Billion in the second quarter. Facebook said it saw monthly active users (MAUs) of 1.49 billion for June, with 1.31 billion MAUs on mobile.
David Wehner, Facebook’s CFO, said:
“The quarter was a great quarter almost any way you look at it.”
According to the report:
- 5 Billion people do Facebook searches daily.
- 1 Billion people offered access through org
- 850 Million people using groups on Facebook.
- 450 Million people using Events on Facebook.
- 40 Million people doing their small business through Facebook Pages.
Facebook CFO, David Wehner also said:
“The real story here is just the core mobile business on Facebook, that’s what’s driving the growth—mobile’s been just a phenomenal growth driver for us. We didn’t have a mobile business three years ago, and that’s now three quarters of our ads revenue.
He also added:
“The important story here is we’re executing well on the business, the community is growing, engagement is strong.”
The company said its adjusted second-quarter earnings came in at 50 cents per share on $4.04 billion in revenue. Wall Street analysts forecast Facebook would deliver earnings of 47 cents per share on $3.99 billion in revenue, according to a consensus estimate.
Facebook CEO Mark Zuckerberg said:
“Facebook has clearly become the home for global conversations about things that people care about,”
Expenses in total came in at $2.77 billion which is greater than 82 percent from the same period last year. Facebook said its average revenue per user (ARPU) was $2.76, with an advertising ARPU of $2.61. Both figures beat Wall Street expectations of $2.70 and $2.53, respectively.
Facebook is also preparing for the future as the company said it spent $1.17 billion on research and development for the quarter—up from only $492 million in the year-ago period.
“Over the next few years, our main focus is on helping our existing communities and businesses reach their full potential”