Facebook reports $1.81 billion in revenue for Q2 2013, 1.15 billion monthly active users (Original)
Facebook saw its revenue grow year-over-year in its Q1 earnings reported in May, and that trend has continued for its second quarter. The company has just announced that it's pulled in $1.81 billion in revenue for Q2, beating analysts' expectations, while net income stood at $333 million. Of course, much of that money comes from ads: Facebook says that revenue from advertising now represents 88 percent of its total revenue, and that mobile advertising accounted for about 41 percent of its total advertising revenue for the quarter. Mark Zuckerberg highlighted that last bit in a statement, saying that "the work we've done to make mobile the best Facebook experience is showing good results and provides us with a solid foundation for the future."
In other numbers, Facebook also reported that it has 1.15 billion monthly active users as of June 30th, while its daily active users stood at 669 million. Mobile users were again its biggest growth area, with 819 million users actively checking in on their mobile devices each month (up 51 percent compared to the same quarter in 2012), and 469 million active on a daily basis. We'll keep you posted on any additional developments that may come out of the company's earnings call in the next hour.…
Facebook’s Feature Phone Platform Scores 100M Users, Most In Emerging Markets (Original)
Facebook announced that Facebook For Every Phone, a native app that works on feature phones, has been downloaded 100 million times.
Facebook For Every Phone is an essential part of the company’s global strategy because more feature phones than smartphones are used in developing markets like India, Indonesia and the Philippines. In fact, for many consumers, feature phones may be their main or only point of access to the Internet. Facebook only recently began selling ads on its feature phone platform and makes very little money that way, but extending into countries with rapidly developing tech ecosystem may help Facebook counterbalance its declining or stagnant traffic in countries such as the U.S. and UK.
Facebook had 751 million monthly active users on mobile as of March 31, 2013, an increase of 54% year-over-year.
Facebook For Every Phone includes the social network’s most popular features, including News Feed, Messenger and Photos. It is optimized to use less data than other Java apps and mobile sites, which is a boon for users on limited data plans. In addition, Facebook has partnered with mobile operators around the world to offer free or discounted data access to Facebook For Every Phone. The app is powered by Snaptu, a mobile platform that Facebook acquired in 2011.…
Anchor is like Facebook for the workplace, launches today on iOS and the web (video) (Original)
We don't usually cover business software around these parts, but Anchor, a social networking app launching today on iOS, goes out of its way to look like a regular app. The brain child of a former GM of Flickr and ex-VP at AOL, it's sort of like Facebook, in that it allows coworkers to join groups, post status updates, upload photos (complete with filters) and like each other's activity. (In lieu of a thumbs up, you give someone a rock-on sign.) It also has built-in chat and contact cards, so in theory you could use it as a one-stop shop for communicating with coworkers instead of cobbling together various other apps.
You could even compare it to Yammer, the social network eventually bought by Microsoft, except Anchor's co-founders say the app is more about coworkers bonding with each other, than necessarily being productive. (Imagine that!) Again, it's available today for iOS (and the web too), with free lifetime membership if you get it before September 25th. It's also coming soon to Android and Google Glass, we're told. With no commitment you should give it a try -- the UI is extremely slick -- though we have to wonder if it's really that big a faux pas to friend your coworkers on Facebook.…
Facebook’s Growth Since IPO In 12 Big Numbers (Original)
$FB is still stuck at $26.25, way down from its $38 IPO price, but it’s made important progress since going public a year ago. Daily users up 26%, mobile monthly users up 56%, and revenue up 38% are some highlights. It’s running out of people to sign up in the developed world, but with this growth and no serious competitor in sight, it’s survived its hardest year yet.
- Likes – 4.5 Billion – Up 67% – Average number of likes generated as of May 2013, up from 2.7 billion likes generated daily in August 2012
- Content Items Shared – 4.75 Billion – Up 94% – Average number of content items shared daily as of May 2013, up from 2.45 content items shared daily in August 2012
[Stats and images provided by Facebook]
Likes and sharing are growing faster than Facebook’s user count, indicating strong engagement. This contradicts rumors that people are tuning out of Facebook. Zuckerberg’s Law, the CEO’s Moore’s Law-style theory, states that people will share twice as much every year. Facebook almost made good on Mark’s claim. It’s important that Facebook keeps that number growing as it’s shared content that keeps people visiting Facebook and seeing its ads.…
Twitter CEO Dick Costolo Resigns As Director Of Twitter U.K. After TweetDeck Dissolves As Standalone Business (Original)
Twitter CEO Dick Costolo has quit his position as a U.K. director of the company, days after Twitter subsidiary TweetDeck was dissolved as a separate U.K. business by business registrar Companies House, according to Sky News. We’ve reached out to Twitter for confirmation and comment and will update this story with any response.
Costolo stepping back from the U.K. directorship role appears related to the dissolution of TweetDeck: a U.K. startup which Twitter acquired in May 2011 for a price-tag that we reported as $40 million. Late last year TweetDeck failed to file U.K. accounts with Companies House, and continued failure to file ultimately led to the dissolution of the company as a separate entity earlier this month, on May 7.
TweetDeck’s failure to file accounts was part of a process to wind up its status as a separate corporate entity to its parent company. Earlier this month a Twitter spokesperson told the Guardian: “TweetDeck the product continues to thrive as part of Twitter, but the old company has been dormant for some time, with no outstanding liabilities; hence our agreement with the move to dissolve it.”
Once TweetDeck became a part of Twitter, with product development and other business processes moving in-house, there was no longer a need for it to exist as a standalone business in the U.K.…
Facebook’s Q1 Lobbying Spend Soars 277 Percent To $2.45M; Google Down 33 Percent (Original)
It’s no secret that the amount of time that tech companies are spending in Washington, D.C., is at a high. And money spent on lobbying has also been reaching peaks for a number of well-known technology giants, including Facebook. In the first quarter of 2013, Facebook spent $2.45 million on lobbying efforts, a 277 percent increase from $650,000 a year earlier. In the fourth quarter of 2012, Facebook spent $1.4 million on lobbying, so this is a big jump both on a quarterly and yearly basis.
So what did Facebook spend on this quarter? International regulation of the Internet and freedom of expression; privacy and security policies and the education of these policies; education of online advertising; immigration reform; cyber security and data security; and discussions on tax issues and stock options.
It’s also worth noting that Facebook’s Mark Zuckerberg and a number of other tech all-stars recently co-founded a political advocacy and lobbying group designed to promote policies that will keep the American workforce competitive. The first item on the agenda for the group is pushing comprehensive immigration reform, but it will also be focusing its efforts on education reform and scientific research.
After hitting highs in lobbying spending in 2012, Google cut its first-quarter lobbying spending by 33 percent to $3.35 million year-over-year (Google spent $5.03 million on lobbying in the first quarter of 2012).…
LinkedIn Stock Dips 10% On Q2 Forecast Of Slowing Growth, Even As It Beats Q1 Estimates On Sales of $324.7M; EPS $0.45 (Original)
LinkedIn has just reported Q1 earnings of $324.7 million, up 72% year-on-year, and non-GAAP earnings per share of $0.45, both soundly beating analysts’ estimates (via First Call) of $317 million and EPS of $0.31; as well as LinkedIn’s own guidance from last quarter, when it said it expected between $305 million and $310 million in revenues. Shares of the work-focused social network, however, are down nearly 11% in after-hours trading on news that next quarter won’t be quite as rosy.
First Call had estimated revenues of Q2 of $359 million, but today LinkedIn issued guidance that it expects sales of between $342 million and $347 million. That’s up between 50% and 52% on the same quarter a year ago, and is a sign of how growth is slowing.
The company says it now has 225 million users, up from 200 million last quarter. Judging by some of the product launches in the last few weeks it may have been that LinkedIn is laying the groundwork for how it will better monetize the users it has longer term as other revenue streams and customer acquisition decelerate. The new launches have included upgraded, more media-enhanced profiles; a Contacts update to add in more “personal assistant” life organizing features; new iPhone and Android apps; an expanded search engine; @mentions in status updates; Klout-style endorsements; and a Recruiter homepage redesign for the site’s most dedicated user vertical.…
Facebook Earnings Graphs Shows Shift To Mobile May Be Depressing Domestic Ad Revenue Per User (Original)
It appears that as people switch from the desktop where Facebook shows multiple ads per page to mobile, Facebook is earning less ad revenue per user in its most important markets. While user growth helped total revenue increase, in the US and Canada Facebook earned $2.85 on ads per user (ads ARPU) in Q1, down from $3.30 in the holiday Q4 2012, but also down from $2.87 in Q3.
Another important stat is that Facebook’s monthly active and daily active users in the US and Canada increased, despite erroneous recent claims from third-party data providers and critics that Facebook had lost users in US. That’s critical because the US and Canada are where Facebook earns the most money per user.
One graph we wish Facebook would release is mobile user counts by geography. This could show whether developing markets coming online mobile-first are responsible for its huge surge to 751 million mobile monthly users from 680 million in Q4 2012.
Check out the rest of these graphs for detailed stats on Facebook’s user growth, income, expenses, and more.
ANd here are our own Bryce Durbin’s graphs that sum up Facebook’s earnings:
Facebook’s Monthly Active Users Up 23% to 1.11B; Daily Users Up 26% To 665M; Mobile MAUs Up 54% To 751M (Original)
In Q4 of last year, Facebook’s mobile MAUs surpassed desktop for the first time in its history. That trend continued in Q1 2013 with 751M MAUs. This is what we learned with today’s release of Facebook’s Q1 results.
Despite claims earlier this month, Facebook didn’t lose users, but gained 2M. Asia continues to be the largest area of user growth, according to the slides provided by Facebook today. During the earnings call, COO Sherly Sandberg mentioned that mobile ads are performing well particularly in Asia.
Here’s a full rundown for Q1 year-over-year user growth:
- Daily active users (DAUs) were 665 million on average for March 2013, an increase of 26% year-over-year.
- Monthly active users (MAUs) were 1.11 billion as of March 31, 2013, an increase of 23% year-over-year.
- Mobile MAUs were 751 million as of March 31, 2013, an increase of 54% year-over-year.
As you can see, the overall growth of monthly active users is incremental from the past quarter:
Something we’d like to find out is if certain age groups are growing faster than others. Some feel that even though the social network is an essential utility for many all over the world, the younger crowd might be starting to spend time socializing on other platforms.…
23snaps, The Facebook For Families, Flicks The Monetization Switch With Printed Photo Books (Original)
23snaps, one of a number of mobile apps that target parents who want to share photos, videos and updates of their children within a private social network, has flicked the monetization switch today. It’s launched an on-demand printing feature within the app to let users turn their uploaded photos into a physical printed product — both photo books and individual prints.
Available for both iOS and Android, as well as a web-based version, we’ve previously described 23snaps as like a Facebook for families, even down to its look and feel.
You begin by setting up profiles of your children in the app and optionally adding your partner, who can also have posting privileges, as well as any other friends or family members you want to privately share content with. You can then upload photos, enter height and weight measurements at various stage of your child’s development, and add status updates to record those special moments, which will be enjoyed by close family and friends but might otherwise be considered as over sharing within an uber-social network like Facebook.
This content then shows up in your news feed and the news feed of those who you have chosen to share with.…