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. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: 4Q22 US Retail Inventory Tracker: Inventory Turnover Ratios Improve for Many RetailersUS Online Grocery Survey 2023—Infographic: Assessing the Top Retailers and E-Commerce PopularityAugust 2023 UK Retail Sales: Surprising Discretionary Resilience Even as Grocery Volume Declines ContinueCoresight Bites: US Consumer Tracker—More Shoppers Cut Grocery Purchases Amid High Inflation Awareness
