FB's net profit for the second quarter rose 791 million to 138%

July 24, Facebook, the world's largest social networking site, released its earnings for the second quarter of 2014 as of June 30. Earnings showed Facebook's second-quarter revenue reached $2.91 billion, a 61% increase from $1.813 billion a year earlier, and a net profit of $791 million, up 333 million from the same period last year. Earnings showed Facebook's second-quarter revenue rose 61% from a year earlier, thanks to strong demand from the company's mobile advertising business. To $2.91 billion trillion, more than the industry analyst estimated at $2.8 billion trillion, and less than $0.42 trillion per share of the US GAAP, exceeding the estimated $0.32 by industry analysts. That affected Facebook's share price rise after the day. In the Wednesday Nasdaq stock Exchange, Facebook's shares rose 202 to $71.29, or 2.92%, after a post-trading deal (as of time), Facebook shares continued to rise to $74.10 trillion, up 2.81 dollars, or 3.94%. In the past 52 weeks, Facebook's lowest share price was $26.05, with a maximum of 72.59 dollars. Facebook's current market capitalisation is about $183 billion trillion. Mark Zuckerberg, founder and CEO of Facebook, said: "Our community business has continued to grow and we have seen a lot of opportunities in the rest of the world." "Second-quarter results: As of the end of June 2014, the number of active Facebook subscribers (MAU) was 1.32 billion, up 14% from a year earlier." The number of active Facebook users (Daus) was 829 million in June 2014, up 19% from a year earlier. At the end of June 2014, the number of active Facebook mobile subscribers was 1.07 billion, up 31% from a year earlier, and in June 2014 the average mobile-day active user of Facebook was 654 million, up 39% from a year earlier. Facebook's second-quarter revenue reached $2.91 billion, up 61% from $1.813 billion a year earlier. Facebook's operating profit for the second quarter reached $1.39 billion, operating at $582 million a year earlier. Excluding equity incentive payments and related payroll tax expenditures (not in accordance with US general accounting standards), Facebook's operating profit was $1.712 billion in the second quarter, operating at $794 million a year earlier. Facebook's operating profit margin for the second quarter was 48%, operating at 31% a year earlier. Excluding equity incentive payments and related payroll tax expenditures (not in accordance with U.S. General Accounting standards), Facebook's second-quarter operating profitRate was 59%, a year earlier was 44%. Facebook's net profit for the second quarter reached $791 million trillion, a net profit of $333 million a year earlier. Excluding equity incentive spending and related payroll tax expenditures (not in accordance with US general accounting standards), Facebook's net profit for the second quarter was $1.091 billion trillion, with a net profit of $488 million a year earlier. Facebook earned $0.30 a share in the second quarter, with a share of $0.13 a year earlier. Excluding equity incentive payments and related payroll tax expenditures (not in accordance with US general accounting standards), Facebook had a diluted earnings of $0.42 trillion in the second quarter, with a share of $0.19 a year earlier. First half of 2014: Facebook's first-half revenue reached $5.412 billion trillion, or $3.271 billion a year earlier. The first half of Facebook's operating profit reached $2.464 billion, operating at $935 million a year earlier. Excluding equity incentive payments and related payroll tax expenditures (not in accordance with U.S. General Accounting standards), Facebook's operating profit was $3.085 billion in the first half and 1.357 billion dollars in operating profit for the same period last year. Facebook's operating profit margin was 46% in the first half, compared with 29% in the previous year. Excluding equity incentive spending and related payroll tax expenditures (not in accordance with US general accounting standards), Facebook's operating profit margin was 57% in the first half and 41% in the same period a year earlier. Facebook's net profit for the first half amounted to $1.433 billion, a net profit of $552 million a year earlier. Excluding equity incentive payments and related payroll tax expenditures (not in accordance with US GAAP), Facebook had a net profit of $1.976 billion in the first half and a net profit of $800 million a year earlier. Facebook earned 0.55 U.S. dollars per share in the first half of the year, with a share of $0.22 trillion in earnings for the same period. Excluding equity incentive payments and related payroll tax expenditures (not in accordance with US general accounting standards), Facebook had a diluted earnings of $0.76 per share in the first half of the year, with a diluted earnings of $0.32 for the same period. Second-quarter earnings analysis: Revenue: Facebook's second-quarter revenue was $2.91 billion, up 61% from $1.81 billion a year earlier, up 59% per cent, regardless of the impact of foreign exchange. Facebook's revenue from the advertising business in the second quarter was $2.68 billion, up 67% from a year earlier, excluding the effect of a 65% increase in foreign exchange. Facebook's revenue from the mobile-ad business in the second quarter accounted for about 62% of its advertising revenue, up from 41% a year earlier. Facebook's second-quarter payments and other service-fee revenues were $234 million, up 9% from a year earlier. Costs and expenses: Facebook costs and expenses for the second quarter are 15.2Billion, up 22% from a year earlier. Excluding equity incentive spending and related payroll tax expenditures (not in accordance with US general accounting standards), Facebook's second-quarter cost and spending was $1.2 billion, up 18% from the 1.02 billion-dollar period a year earlier. Operating profit: Facebook's operating profit for the second quarter was $1.39 billion, an increase of 147% from its operating profit of 562 million a year earlier. Excluding equity incentive spending and related payroll tax expenditures (not in accordance with US general accounting standards), Facebook's second-quarter operating profit operated at $1.71 billion trillion, up 116% from its operating profit of 794 million a year earlier. Operating profit margin: Facebook's second-quarter operating profit margin was 48%, operating at 31% a year earlier. Excluding equity incentive spending and related payroll tax expenditures (not in accordance with US general accounting standards), Facebook's operating profit margin for the second quarter was 59%, a year earlier, 44%. Income Tax: Facebook's second-quarter income tax is $595 million trillion, with an effective tax rate of 43%. Excluding equity incentive payments and related payroll tax expenditures (not in accordance with US general accounting standards), Facebook's effective tax rate for the second quarter was 36%. Net profit: Facebook's net profit for the second quarter was $791 million trillion, up 138% from its net profit of 333 million a year earlier. Excluding equity incentive spending and related payroll tax expenditures (not in accordance with US general accounting standards), Facebook's net profit for the second quarter was $1.09 billion, up 124% from the net profit of 488 million a year earlier. Facebook earned $0.30 a share in the second quarter, with a share of $0.13 a year earlier. Excluding equity incentive payments and related payroll tax expenditures (not in accordance with US general accounting standards), Facebook had a diluted earnings of $0.42 trillion in the second quarter, with a share of $0.19 a year earlier. Capital expenditure: Facebook's second-quarter capital expenditure was $469 million trillion. Cash and securities: As of June 30, 2014, Facebook held cash and convertible securities totaling $13.96 billion, and as of March 31, 2014, Facebook held cash and convertible securities totaling $12.63 billion. Free Cash Flow: Facebook's free cash flow in the second quarter was 872 million dollars.