Social network Facebook
has posted its quarterly earnings report, with results that have slightly exceeded Wall Street expectations. The company had total revenues of $1.46 billion generated from 665 million daily active users on the average. Net income came in at $219 million, with the company earning $0.13 per share with a 26 percent operating margin.
Wall Street analysts were expecting revenue of $1.44 billion with an uncorrected $0.12 per share earnings. Revenue increased from $1.058 billion to the $1.458 billion reported figure from the year-ago-quarter. Operating margin fell ten percent from 36 percent from the first quarter of 2012. Earnings per share were essentially unchanged from 2012.
The company reports 85 percent of its revenue came from advertising, with $1.25 billion brought in. Mobile advertising represented 30 percent of total advertising revenue. Costs and expenses have risen 60 percent from the first quarter of 2012, driven by "infrastructure expense and increased head-count."
Capital expenditures for the quarter hit $327 million, a 28 percent decrease year-over-year. The company reported an effective tax rate of 38 percent, paying $134 million in assorted taxes.