Facebook has just reported its second quarter earnings, and the company has topped analyst expectations.
Facebook posted earnings of $0.50 per share on $4.04 billion in revenue. Wall Street forecasted earnings of $0.47 per share on $3.99 billion in revenue.
“This was another strong quarter for our community,” said Mark Zuckerberg, Facebook founder and CEO. “Engagement across our family of apps keeps growing, and we remain focused on improving the quality of our services.”
According to its report, Facebook generated 76% of advertising revenue from mobile, up from 62% in Q2 2014.
Facebook’s monthly active users rose to 1.49 billion, up from 1.44 billion last quarter.
Last quarter, Facebook posted revenues of $3.54 billion, a 42% year-over-year increase. Still, it was the first time the company had come in light on revenue Analysts predicted revenues of $3.56 billion.
Image via Facebook Menlo Park