Printed from http://www.electronista.com

Facebook beats Wall Street estimates, posts $219 million in revenue

updated 04:31 pm EDT, Wed May 1, 2013

Second profitable quarter shows increase in mobile ad impressions

Social network Facebook has posted its quarterly earnings report, with results that have slightly exceeded Wall Street expectations. The company had total revenues of $1.46 billion generated from 665 million daily active users on the average. Net income came in at $219 million, with the company earning $0.13 per share with a 26 percent operating margin.

Wall Street analysts were expecting revenue of $1.44 billion with an uncorrected $0.12 per share earnings. Revenue increased from $1.058 billion to the $1.458 billion reported figure from the year-ago-quarter. Operating margin fell ten percent from 36 percent from the first quarter of 2012. Earnings per share were essentially unchanged from 2012.

The company reports 85 percent of its revenue came from advertising, with $1.25 billion brought in. Mobile advertising represented 30 percent of total advertising revenue. Costs and expenses have risen 60 percent from the first quarter of 2012, driven by "infrastructure expense and increased head-count."

Capital expenditures for the quarter hit $327 million, a 28 percent decrease year-over-year. The company reported an effective tax rate of 38 percent, paying $134 million in assorted taxes.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Dell AD211 Bluetooth speaker

For all of the high-priced, over-engineered Bluetooth speakers in the electronics market, there is still room for mass-market solution ...

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

Kodak PixPro SL10 Smart Lens Camera

Smartphone imagery still widely varies. Large Megapixel counts don't make for a good image, and the optics in some devices are lacking ...

Sponsor

toggle

Most Commented

 
toggle

Popular News