Facebook Reports Second Quarter 2018 Results
 
MENLO PARK, Calif. – July 25, 2018 – Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter ended June 30, 2018.

"Our community and business continue to grow quickly," said Mark Zuckerberg, Facebook founder and CEO. "We are committed to investing to keep people safe and secure, and to keep building meaningful new ways to help people connect."

Second Quarter 2018 Financial Highlights

 
Three Months Ended June 30,
 
Year-over-Year % Change
In millions, except percentages and per share amounts
2018
 
2017
 
Revenue:
 
 
 
 
 
   Advertising
$
13,038

 
$
9,164

 
42
%
   Payments and other fees
193

 
157

 
23
%
Total revenue
13,231

 
9,321

 
42
%
Total costs and expenses
7,368

 
4,920

 
50
%
Income from operations
$
5,863

 
$
4,401

 
33
%
Operating margin
44
%
 
47
%
 

Provision for income taxes
$
762

 
 
 

Effective tax rate
13
%
 
 
 


Net income
$
5,106

 
$
3,894

 
31
%
Diluted Earnings per Share (EPS)
$
1.74

 
$
1.32

 
32
%

Second Quarter 2018 Operational and Other Financial Highlights

Daily active users (DAUs) – DAUs were 1.47 billion on average for June 2018, an increase of 11% year-over-year.
Monthly active users (MAUs) – MAUs were 2.23 billion as of June 30, 2018, an increase of 11% year-over-year.
Mobile advertising revenue – Mobile advertising revenue represented approximately 91% of advertising revenue for the second quarter of 2018, up from approximately 87% of advertising revenue in the second quarter of 2017.
Capital expenditures – Capital expenditures for the second quarter of 2018 were $3.46 billion.
Cash and cash equivalents and marketable securities – Cash and cash equivalents and marketable securities were $42.31 billion at the end of the second quarter of 2018.
Headcount – Headcount was 30,275 as of June 30, 2018, an increase of 47% year-over-year.


1


The following information was filed by Facebook Inc (FB) on Wednesday, July 25, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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