Facebook just released its first quarterly earnings report as a public company, posting profits of 12 cents a share, matching the expectation of Wall Street analysts. The company’s revenue was $1.18 billion, up 32 percent, just ahead of estimates.
Investors aren’t impressed, sending the company’s shares to a new low in after-hours trading.
The earnings figure doesn’t include stock-based compensation expenses connected to the company’s IPO. When those and other costs are included, the company reported a loss of $743 million, or a loss of a 8 cents a share.
Usage of the social network continued to climb during the quarter, with monthly active users reach 955 million — up from 739 million a year ago. Mobile monthly users rose to 543 million users, up from 325 million a year ago.
Facebook’s earnings conference call starts at 2 p.m., available via webcast here.
One question that has been dogging the company is whether Facebook will be able to continue growing advertising revenue as more users shift to mobile devices, where it’s harder to make money on ads. Here’s a look at several of the key slides from Facebook’s earnings presentation.
Access the full slide deck here.