Facebook Beats Revenue Expectations, Misses On Profits, Does Well In Mobile Ads
AP
Facebook reported its first quarter financials this afternoon.
It beat revenue expectations and slightly missed on profits.
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:
More From Business Insider
