The Facebook Q2 Results have been released and the world’s largest social network has beaten its earnings estimates.
Facebook has earnings of $6.44 billion and $0.97 EPS, this was up on the estimated $6.02 billion in revenue and $0.82 EPS.
The company managed to increase its revenue by 59% year on year and their mobile advertising revenue has been driving the increase with approximately 84% of ad revenue coming from mobile, this is up from 76% on the previous year.
You can see Facebook’s full financial results for quarter 2 2016 over at their website at the link below.
Source Facebook, TechCrunch
Filed Under: Top News