Monday, July 28, 2014

Which digital company just went public with news of 61% increase in revenue this quarter?

Facebook recently released its 2014 second quarter earnings report.

Some highlights include:
  • 19% increase (year-over-year) in daily active users, average of 829 million per day
  • 39% increase ("....") in mobile daily active users, average of 654 million per day 
  • 61% increase in revenue for 2Q2014 (compared to 2Q2013) to $2.91B
  • 22% increase in expenses for 2Q214 ("...") to $1.52B
  • 62% of ad revenue coming from mobile advertising (compared to 41% in 2Q2013)

     Personally, I was surprised by these numbers. It's common knowledge that Facebook is doing well and is not going anywhere anytime soon, but a 61% increase in revenue is incredible.

    For those of you who are not surprised by these numbers - "So, what? I knew those numbers were coming..." - then you might be surprised by the news that Facebook is now thinking about ways to go retail. Check out this short, informative Bloomberg video here.

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