In its second quarter of earnings in 2013, Facebook walked away with $333 million in profit (and $1.8 billion in revenue), according to its latest 8-K filing with the Securities and Exchange Commission. Investors clearly like Facebook’s latest numbers—the stock has soared 17 percent in after-hours trading. (By comparison, Facebook lost $157 million in the same quarter in 2012.)
In its filing, Facebook reported that its daily active users numbered “699 million on average for June 2013, an increase of 27 percent year-over-year.” Meanwhile in mobile, where Facebook has faced the most scrutiny, daily active users numbered “469 million on average for June 2013.”
By beating many analysts’ expectations, Facebook may actually be making more money than had previously been thought.
“The revenue beat is huge,” said Michael Pachter, a Wedbush Securities analyst, told the Wall Street Journal. “They are clearly doing a great job with local ad sales.”
In the same 8-K filing, CEO Mark Zuckerberg lauded his company’s progress.
"We've made good progress growing our community, deepening engagement and delivering strong financial results, especially on mobile," the company’s founder said. "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."
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