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Wednesday, Jul 24
More on Facebook: Revenue and EPS trounced estimates on the back of huge mobile ad growth....
More on Facebook: Q2 revenue and EPS trounced estimates on the back of huge mobile ad growth. Mobile ad sales +75% Q/Q to $656M, and now 41% of ad revenue (30% in Q1 and 23% in Q4). Total ad sales (88% of revenue) were $1.6B, +28% Q/Q and +61% Y/Y. Payments & Other revenue up slightly Q/Q and 11% Y/Y to $214M. Monthly active users (MAUs) +3.6% Q/Q and +21% Y/Y to 1.15B. Mobile MAUs +9% Q/Q and +51% Y/Y to 819M. Daily active users +5% Q/Q and +27% Y/Y to 699M (faster than MAU growth, sign of higher engagement). Costs/expenses +52% Y/Y to $1.02B as R&D and sales/marketing spend continues to surge. Capex was $268M, -18% Q/Q and -35% Y/Y. FB +14.2% AH, CC at 5PM ET (webcast). (slides) (PR)