Facebook Q1 profit sinks amid 42% higher revenues

News Broadband Global 23 APR 2015
Facebook Q1 profit sinks amid 42% higher revenues

Facebook said first quarter revenues advanced 42 percent year-on-year to USD 3.54 billion. Excluding forex effects, revenues lifted 49 percent. Revenue from advertising rose 46 percent to USD 3.32 billion, with mobile advertising revenue making up 73 percent, up from 59 percent the year earlier. Revenue from payments and other fees revenue declined 5 percent to USD 226 million.

The operating profit fell 13 percent to USD 933 million. The net profit also fell, down 20 percent from the year earlier to USD 512 million. Earnings per share sank 28 percent to USD 0.18. After free cash flow of USD 1.20 billion, Facebook finished the quarter with cash of USD 12.41 billion.

Daily active users (DAUs) for March increased 17 percent to 936 million on average, while mobile DAUs went up 31 percent to 798 million. Monthly active users (MAUs) rose 13 percent to 1.44 billion in March, with mobile MAUs increased 24 percent to 1.25 billion.

Facebook average daily users

Categories:

Internet,  Mobile

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Facebook

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Global

Tags:

Messaging, Sales figures, Financial figures, Portals / social media, Advertising services

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