Facebook reports net loss of USD 157 mln in Q2

News Broadband Global 27 JUL 2012
Facebook reports net loss of USD 157 mln in Q2
Facebook reported second-quarter revenues up 32 percent from a year earlier to USD 1.18 billion. Advertising made up 84 percent of its revenues and grew by 32 percent year-on-year to USD 992 million. The company posted an operating loss of USD 743 million, versus a profit of USD 407 million a year ago, due to USD 1.3 billion in costs for share-based compensation. Excluding this expense, operating profit rose to USD 515 million from USD 477 million. The net result was a loss of USD 157 million of USD 0.08 per share, versus a profit of USD 240 million in the same period of 2011. The company invested USD 413 million in the quarter, up 213 percent year-over-year. It finished the quarter with total cash of USD 10.8 billion. Facebook said it had 955 million monthly active users as of the end of June, up 29 percent from a year ago. The number of monthly users from mobile devices was up 67 percent year-on-year to 543 million.

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