Facebook Q2 2016 Earnings: Titbits You May Have Missed
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Posted On: 08/22/2016 4:36:46 PM
Facebook Q2 2016 Earnings: Titbits You May Have Missed
1. Facebook Q2 2016 earnings grew 186% YoY to $2.05Bil or $0.71 per share, helped by mobile advertising revenue growth. Revenue up 59% YoY to $6.43Bil.
2. Daily active users for June grew 17% from last year to 1.13Bil on average. Over the past year, $FB said it added over 200MM people using Facebook on a monthly basis.
3. In 2Q16, the company launched 360 photos. The company is making good progress on core services within the Facebook app like search.
4. $FB announced the first successful flight of Aquila that will beam Internet to remote places in 2Q16.
5. $FB said 2Q16 was its strongest in over three years in terms of absolute YoY growth of monthly and daily actives on Facebook.
6. $FB said 2Q16 total expenses were $3.7Bil, up 33%. The company ended the quarter with approx. 14,500 employees, up 32% YoY.
7. FY16 total GAAP expense growth is expected in the range of 30-35%.
1. Facebook Q2 2016 earnings grew 186% YoY to $2.05Bil or $0.71 per share, helped by mobile advertising revenue growth. Revenue up 59% YoY to $6.43Bil.
2. Daily active users for June grew 17% from last year to 1.13Bil on average. Over the past year, $FB said it added over 200MM people using Facebook on a monthly basis.
3. In 2Q16, the company launched 360 photos. The company is making good progress on core services within the Facebook app like search.
4. $FB announced the first successful flight of Aquila that will beam Internet to remote places in 2Q16.
5. $FB said 2Q16 was its strongest in over three years in terms of absolute YoY growth of monthly and daily actives on Facebook.
6. $FB said 2Q16 total expenses were $3.7Bil, up 33%. The company ended the quarter with approx. 14,500 employees, up 32% YoY.
7. FY16 total GAAP expense growth is expected in the range of 30-35%.
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