Facebook’s mobile juggernaut: mobile users pass 1bn, revenue hits US$2.1bn

23 Jul 2014

Having corrected its path towards mobile-first, Facebook is reaping the rewards, having beaten analyst expectations and reporting US$2.1bn in revenues and earnings per share of US$0.42 in its second quarter.

The social network revealed for the first time that actual mobile users have surpassed more than 1bn to reach 1.07bn people.

“We had a good second quarter,” said Mark Zuckerberg, Facebook co-founder and CEO. 

“Our community has continued to grow, and we see a lot of opportunity ahead as we connect the rest of the world.”

Facebook revealed that daily active users of its service reached 829m on average at the end of June, up 19pc on last year.

Mobile daily active users were 654m a day on average, up 39pc year-on-year.

Mobile first

Revenue from advertising was US$2.6bn, up 67pc on the same time last year.

Mobile advertising represented 62pc of total advertising revenue for the second quarter – up from 41pc last year.

Payments and other fees contributed US$234m to total revenue, up 9pc on last year.

Facebook continues its march into profitability, reporting profits of US$791m, up from US$333m last year.

The company reported an operational profit of US$1.39bn, up 147pc.

Juggernaut image via Shutterstock

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years