Earlier this morning, Facebook released the unaudited financial statements for the second quarter of fiscal year 2016 as of June 30. The report shows that Facebook’s revenue for the second quarter was US$6.436 billion, an increase of 59% from US$4.042 billion in the same period last year; net profit was US$2.055 billion, an increase of 186% from US$719 million in the same period of last year. After the financial report was released, Facebook shares fell nearly 2% in Nasdaq's after-hours trading.
Specifically, Facebook’s second-quarter revenue was US$6.436 billion, an increase of 59% from US$4.042 billion in the same period of last year. Facebook’s second-quarter net profit was US$ 2.055 billion , an increase of 186% compared to US$719 million in the same period of last year. . In accordance with US GAAP, Facebook’s second-quarter net profit was US$2.821 billion, which was higher than US$1.437 billion in the same period of last year.
In addition, Facebook’s diluted earnings per ADS in the second quarter were US$0.71, an increase of 184% from US$0.25 in the same period last year. Excluding US GAAP, Facebook’s diluted earnings per ADS for the second quarter was US$0.97, which was higher than US$0.50 in the same period last year.
In terms of operations, as of June 2016, Facebook’s average number of daily active users was 1.13 billion, up 17% year-on-year; mobile daily average number of active users was 1.03 billion, up 22% year-on-year; monthly active The number of users was 1.71 billion, an increase of 15% year-on-year; the number of monthly active users of mobile services was 1.57 billion, an increase of 20% over the same period of last year.
Mark Zuckerberg, founder and CEO of Facebook, said that Facebook’s community and business have achieved another quarter with good performance. The company is satisfied with its progress in the video business because they believe that the core of future world services is video.
According to the report, Facebook’s revenue from the advertising business in the second quarter was US$6.239 billion, an increase of 63% from US$3.827 billion in the same period of last year. Excluding the impact of the year-on-year changes in exchange rate changes, Facebook’s revenue from the advertising business grew by 63% in the second quarter compared to the same period last year. The revenue from mobile advertising in the total advertising revenue as a proportion of about 84%, compared to the same period last year the proportion was about 76%.
Facebook’s second-quarter payment and other service fee revenues were US$197 million, a decrease of 8% from US$215 million in the same period of last year. Capital expenditures in the second quarter were US$995 million.
to sum up:Facebook's second-quarter results exceeded Wall Street analysts' previous expectations. According to a Thomson Reuters survey, analysts on average expected Facebook’s non-GAAP earnings per share of 82 cents in the second quarter, with revenue of $6.02 billion. However, after the financial report was released, Facebook's share price fell by nearly 3% in the after-hours trading of the New York market. However, on the same day, Facebook's stock price in the Nasdaq regular trading rose 2.12 US dollars, to close at 123.34 US dollars, an increase of 1.75%.
Facebook has been founded for more than 10 years, but its number of users still maintains strong growth. This means that more attention and more advertising revenue will follow. As of now, Facebook has over four billion application users. According to the financial report data, while the number of users has grown, Facebook’s average revenue per user has also increased.
In contrast, Twitter seems to be covered by Facebook's rings. So far, the number of users of the former has remained at around 300 million. And it's not hard for us to see Facebook's efforts to attract users. In recent months, Facebook has been investing heavily in emerging areas such as virtual reality, messaging, drones, and live video.
A few days ago, Facebook CEO Zuckerberg once again showed the world its plan of “connecting with the worldâ€. Its footprints are reaching out to the whole world. We have also seen a technology company that is alone and at the same time thriving.