Facebook Inc, has just released its Q2 2016 financial result showing its revenue surge to USD6,436 billion compared to USD4,042 billion the company recorded in the first quarter.
We’re particularly pleased with our progress in video as we move towards a world where video is at the heart of all our services
Mobile advertising revenue represented approximately 84% of advertising revenue for the second quarter of 2016, up from approximately 76% of advertising revenue in the second quarter of 2015.
Facebook’s capital expenditures for the second quarter of 2016 were USD995 million. Cash and cash equivalents and marketable securities. Cash and cash equivalents and marketable securities were USD23.29 billion at the end of the second quarter of 2016.
Some of the key highlights of Facebook user milestones include:
- Daily active users (DAUs) – DAUs were 1.13 billion on average for June 2016, an increase of 17% year-over-year.
- Mobile DAUs – Mobile DAUs were 1.03 billion on average for June 2016, an increase of 22% year-over-year.
- Monthly active users (MAUs) – MAUs were 1.71 billion as of June 30, 2016, an increase of 15% year-over-year.
- Mobile MAUs – Mobile MAUs were 1.57 billion as of June 30, 2016, an increase of 20% year-over-year.
Commenting on the result, said Mark Zuckerberg, Facebook founder said “Our community and business had another good quarter. We’re particularly pleased with our progress in video as we move towards a world where video is at the heart of all our services.”
Content on this site, including news, quotes, data and other information, is sourced by PageOne.ng from official and public sources and other third party content providers for your personal information only, and is not intended for trading purposes. Content on this site is not appropriate for the purposes of making a decision to carry out a transaction or trade. Nor does it provide any form of advice (investment, tax, legal) amounting to investment advice, or make any recommendations regarding particular financial instruments, investments or products.