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article imageFacebook lost money this quarter but revenues increased 32%

By David Silverberg     Jul 26, 2012 in Internet
Facebook took the lid off its most recent financial statement, reporting its revenues reached $1.18 billion and an operating loss was pegged at $157 million. This was Facebook's first earnings announcement since it went public in May.
The social media giant also announced it had 955 million monthly active users as of June 30.
Revenue for the second quarter reached $1.18 billion, an increase of 32 percent compared with $895 million in the second quarter of 2011.
In U.S. and Canada, Facebook makes around $3.20 of average revenue per user, up from $2.90 in the previous quarter.
Facebook faced an operating loss this quarter of $157 million, compared to income (also known as profit) from operations of $407 million for the second quarter of 2011.
Ad revenue was up 28 percent, to $992 million but it "still represents deceleration from Q1′s growth rate, but that number is a bit higher than analysts were expecting," as AllThingsD writes.
Facebook also revealed more figures on membership: Daily active users were 552 million on average for June 2012, an increase of 32 percent year-over-year.
Mobile monthly users were at 543 million as of June 30, an increase of 67 percent year-over-year.
Facebook raised $16 billion in the May 17 IPO, the largest ever for a technology company, Bloomberg writes. "Yet its debut on the public market was marred by technical glitches, and the stock only managed to close above $38 on the first day of trading."
As of time of publication, the company's share value is at $26.85.
More about Social media, Facebook, Earnings, Ipo, Zuckerberg
 
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