Insight Report 2 minutes PremiumFacebook (FB) 2Q16 RESULTS: FACEBOOK HAS A BLOWOUT SECOND QUARTER, FUELED BY MOBILE ADS Coresight Research July 27, 2016 Executive Summary Facebook reported 2Q16 revenues of $6.4 billion, up 59.2% from $4.0 billion in the year-ago quarter and beating the consensus estimate of $6.0 billion. Non-GAAP EPS was $0.97, up 92.7% year over year and well ahead of the $0.81 consensus estimate. There was an average of 1.13 billion daily active users (DAUs) in June, up 17% year over year. Of these users, 1.03 billion were mobile daily users, up 22% year over year. The company did not provide guidance, however management commented they were pleased with the firm’s progress in video as they move toward a world in which video is at the heart of all the company’s services. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Groceryshop 2024 Day Two: A FRESH Perspective on Winning in Grocery with AI-Powered Demand ForecastingMarket Navigator: US Grocery Retailing—Executive SummaryKroger-Albertsons Merger in Jeopardy as FTC Sues To Block the DealBEST at Retail: Experiences—Consumer Centricity Boosts Engagement
