Facebook beat Wall Street's expectations across the board for its second quarter earnings on Wednesday with $9.32 billion in revenue driven primarily by mobile ads.
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Facebook beats across the board for Q2 with $9.32 billion in revenue (FB)
Facebook beat Wall Street's expectations across the board for its second quarter earnings with $9.32 billion in revenue driven primarily by mobile ads.
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The world's largest social network maintained its steady 17% year-over-year user growth, with 66% of its
Shares dipped roughly 4% in after-hours trading over apparent confusion related to the company's recent switch to reporting GAAP numbers. Bloomberg, which is widely relied on by traders for financial info, initially reported that Facebook had missed earnings targets, but quickly issued a correction.
Here are the key numbers for Facebook's Q2 earnings:
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Here are some charts showing Facebook's growth from Q2:
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