Facebook reported yet another quarter of over 50 percent revenue growth in the first quarter, up 51 percent year-on-year to USD 8.032 billion. The net profit almost doubled to USD 3.064 billion from 1.738 billion, with diluted earnings per share soaring over 70 percent to USD 1.04 from 0.60. Ad revenue jumped over 50 percent to USD 7.857 billion, with mobile ad revenue making up 85 percent of the total, up from 82 percent the year earlier. Total costs and expenses lifted 40 percent to USD 4.705 billion, while the operating margin improved to 41 percent from 37 percent.
The number of daily active users on Facebook - excluding its other properties such as WhatsApp and Instagram - reached 1.28 billion in March, an increase of 18 percent from the year before. Monthly active users rose by 17 percent to 1.94 billion.
Capex amounted to USD 1.27 billion, while cash, cash equivalents and marketable securities went to USD 32.31 billion.
