Facebook Beats Revenue Expectations, Misses On Profits, Does Well In Mobile Ads

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Facebook reported its first quarter financials this afternoon.

It beat revenue expectations and slightly missed on profits.

Here's the release.

Here are the slides.

Here are the numbers:

** Revenue: $1.46 billion vs $1.44 expected

** EPS: $0.12 vs $0.13 expected

** Mobile monthly active users: 751 Million, a 54% increase year-over-year.

** Ad revenue: $1.25 billion

** Mobile ad revenue was $ 375 million. That's  30% of total revenues, up from 23% last quarter. That's better than the $320 million JP Morgan analyst Douglas Anmuth was hoping for.

**March DAU: 665 million.

Two things we were looking for in particular were…

Mobile ad revenue growth. Facebook performed well here.

Usage stats. 665 million DAUs in March is a slight uptick over 618 million in Q4.

Facebook hosted an earnings call to go over the numbers at 5 p.m. eastern today.

We covered this call live. Here are our notes:



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