Facebook made $642 million this quarter, with $2.5 billion in revenue

Facebook posted $2.5 billion in revenue this quarter, beating analysts' expectations.

@anthony256
Published Thu, Apr 24 2014 10:44 AM CDT   |   Updated Sat, Aug 8 2020 10:29 AM CDT

The numbers are in for Facebook's Q1 2014, with the social networking site posting $2.5 billion in revenue, beating analysts' expectations, with an operating income of 43%.

Facebook made $642 million this quarter, with $2.5 billion in revenue | TweakTown.com

Net income reached $642 million, with earnings per share of $0.25, representing a 70% gain in profits in twelve months. Advertising delivered revenues of $2.27 billion, which is an 82% increase year-over-year. Mobile advertising was also big business, which made up 59% of advertising revenue for the first three months of 2014, up from 30% of the advertising revenue of the first quarter of last year.

Costs and expenses to Facebook for Q1 2014 sat at $1.43 billion, which is a 32% increase year-over-year. This is mostly for the headcount and infrastructure Facebook requires. Income tax expense for Q1 2014 was $433 million, delivering a 40% effective tax rate.

NEWS SOURCE:electronista.com

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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