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Facebook enjoy their Q2 2013, pulling in $333 million in profit from $1.8 billion in revenue

Facebook pull in $1.8 billion in revenue, enjoying a nice $333 million in profits for Q2 2013
| Business, Financial & Legal News | Posted: Jul 25, 2013 8:49 am

Facebook have just reported their Q2 2013 earnings, which saw the social networking pulling down a nice $1.8 billion in revenue, and enjoying $333 million in profits from the three-month period.

 

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Investors are enjoying this news, with stock in the social network rising 17% in after-hours trading. Facebook's filing with the Securities and Exchange Commission tells us that they're seeing daily active users of "699 million on average for June 2013, an increase of 27 percent year-over-year." When talking mobile numbers, their daily active users are sitting at "469 million on average for June 2013."

 

Facebook managed to beat analysts' expectations, leading most to believe that the social network might be making more money than previously thought. Michael Pachter, a Wedbush Securities analyst told the Wall Street Journal: "The revenue beat is huge. They are clearly doing a great job with local ad sales."

NEWS SOURCES:Arstechnica.com

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