Shares of Faced Book are higher by 6.5% in the after-hours after crushing estimate on both the top and bottom line. Is there really any surprise here? The company has a virtual monopoly on social media, with Snapchat being the one rebel hold out.
The company now sports 1.57b monthly active users. Mobile advertising is now 84% of total ad revenues, an amazing turn for a company who didn’t know what they were doing just a few years ago.
- Reports Q2 (Jun) earnings of $0.97 per share, $0.15 better than the Capital IQ Consensus of $0.82; revenues rose 59.2% year/year to $6.44 bln vs the $6 bln Capital IQ Consensus.
Second Quarter 2016 Operational Highlights
- Daily active users (DAUs)- DAUs were 1.13 billion, better than expected, on average for June 2016, an increase of 17% y/y; Q1 +16%, Q4 +17%
- Mobile DAUs- Mobile DAUs were 1.03 billion on average for June 2016, an increase of 22% y/y; Q1 was +24%, Q4 was +25%
- Monthly active users (MAUs)- MAUs were 1.71 billion, better than expected, as of June 30, 2016, an increase of 15% /y-
- Mobile MAUs were 1.57 billion as of June 30, 2016, an increase of 20% year-over-year; Q1 and Q4 was 21%
- Mobile advertising revenue- Mobile advertising revenue represented approximately 84% of advertising revenue (Expectations were for approx 82.7%) for the second quarter of 2016, up from approximately 76% of advertising revenue in the second quarter of 2015.
- Capital expenditures- Capital expenditures for the second quarter of 2016 were $995 million.
Sigh. Sometimes the easy money to be made is right there in front of me.
Never underestimate the willingness of the general public to give the Feds, identity thieves and other criminals every possible detail of their lives.
https://www.youtube.com/watch?v=geDCtBQeN8c……….Running Whores and Shorting FB don’t jibe…….