facebook earnings

Facebook's Q1 rides mobile surge, with slight earnings miss

Facebook reported first-quarter 2013 earnings that were close to Wall Street's expectations.

The social network came in with earnings per share of 12 cents, excluding one-time items, and revenue that grew 38 percent to $1.46 billion compared to the same quarter one year ago. The company said mobile advertising accounted for around 30 percent -- which amounts to about $375 million -- of its advertising revenue for the quarter. Revenue from advertising in the quarter totaled $1.25 billion, or 85 percent of total revenue.

Facebook had 1.11 billion monthly active users as of March 31. The … Read more

Good news on mobile, Zuckerberg! Now answer these six questions

Mark Zuckerberg and his top lieutenants of course had plenty to say about the social network's fourth-quarter performance on yesterday's earnings call with investors and analysts. But what they didn't say proves more telling.

When it came to Facebook's newfound health on mobile, they shared lots. So much, in fact, that it obscured hot topics such as the engagement potential of the just-rolled-out Graph Search; Facebook Gifts; and the Instagram backlash over the terms of service mess.

Intentional oversights? Absolutely. Wise withholdings? The jury's still out as investors consider -- maybe guess is a better … Read more

Facebook moving fast on mobile, and spending tons on everything

Risk. What risk? Facebook's ballooning mobile audience is proving to be anything but a bubble-bursting group. Chief Executive Mark Zuckerberg today told analysts that the social network's laser-focus on mobile is paying off handsomely -- the result, in part, of accidental good fortune.

"There's no argument, Facebook is a mobile company," Zuckerberg told investors after the company reported fourth-quarter adjusted earnings per share of 17 cents and revenue of $1.59 billion, which was slightly ahead of what Wall Street had expected.

Yes, there's apparently no place like mobile for Facebook. The company said … Read more

Zuckerberg is adamant: Facebook is not building a phone

Facebook Chief Executive Mark Zuckerberg didn't mince words when he reiterated to analysts and investors that the social network has absolutely no intention of building its own mobile phone.

"We're not going to build a phone," he said during the social network's earnings call Wednesday. "It's not the right strategy for us to build one integrated system...Let's say we sell 10 million units -- that would be 1 percent of users. Who cares for us?"

I can think of plenty of people who care -- investors in particular. The company'… Read more

Facebook beats Wall Street estimates; mobile gets traction

Facebook reported fourth-quarter earnings that handily beat Wall Street's expectations.

The social network came in with adjusted earnings per share of 17 cents and revenue that grew 40 percent to $1.59 billion compared to the year-earlier quarter. The company also reported 1.06 billion monthly active users and 618 million daily active users (DAUs); both figures are up by more than 25 percent against last year. On mobile, Facebook grew monthly actives to 680 million people, an increase of 57 percent year-over-year. Mobile DAUs exceeded web DAUs for the first time, the company said.

More important, Facebook's … Read more

Time for Zuckerberg to unwrap his plans for Facebook Gifts

When Facebook reports its fourth-quarter earnings today, investors will be hyper-focused on how much progress the social network is making on mobile. The rapid shift to mobile has, of course, been the key part of the Facebook story since the company went public in May. First mobile was a giant problem; then CEO Mark Zuckerberg artfully reframed the problem as a giant opportunity.

And that opportunity extends to Facebook Gifts, which Facebook rolled out to all U.S. users near the end of the fourth quarter. Of all the products that Facebook unveiled in late 2012 -- and there were many … Read more

Facebook's earnings: It's all about mobile

All eyes are again on Facebook as it prepares to report fourth-quarter earnings, a make-or-break event that will determine whether the social network can continue its remarkable recovery from a stock market coma induced by a disastrous initial public offering.

Facebook, Wall Street's one-time punching bag, went from zero to hero with its share price swelling more than 60 percent from $19 and change to more than $31 in the past three months. Even an investor-disappointing Graph Search announcement did little to sway the social network's upward momentum. Today, Facebook, while still below its IPO offer price of $… Read more

Ka-ching! Mobile ads cranking $1.1B a year for Facebook

Facebook's stock is on a tear today, poised to post its biggest one day gain since it went public in May. This comes a day after the company's strong third-quarter earnings report and, perhaps more importantly, its upbeat call with analysts in which CEO Mark Zuckerberg said flat out, "I want to dispel this myth that Facebook can't make money on mobile."

While Zuckerberg and his top execs stressed that Facebook is in the early days on this front -- it only started trying to make money from mobile in March -- they did share … Read more

Zuckerberg: People don't get how good mobile is for us

Mark Zuckerberg feels misunderstood. At least when it comes to how Facebook will flourish in the era of mobile computing.

Facebook's co-founder and CEO, speaking today on the company's third-quarter conference call with Wall Street analysts, stressed that investors just don't get what mobile can and will mean for Facebook's business -- in every way imaginable.

Mobile users spend more time on Facebook than people do when they access the social network on desktop computers. What's more, he said, they come back more frequently. In fact, Zuckerberg continued, some 70 percent of mobile users return … Read more