Second quarter results show the company still has piles of money, and users.
Facebook released their 2014 second quarter results today and they show that the company’s user base and finances are still shockingly strong. Some of the highlights:
- 829 million daily active users for June 2014, up 19% from 2013
- Mobile use increased 39% over the past year
- Facebook claims 1.32 billion monthly active users as of June†30, up 14% from last year
With the steady stream of very strong numbers out of Facebook it’s easy to forget that just two short years ago the Facebook IPO was described as a confusing “debacle” – and worse – in a number of media outlets. Clearly Facebook’s strategy of focusing on mobile is paying off in spades.
In fact, earlier this week Facebook developers revealed more details of how they plan to drill down to device-level targeting to improve mobile app ad performance even further.
What’s even more surprising is that some analysts are suggesting that next quarter’s results could push the company over the $3 billion mark.
Not bad for a site that started as an easy way for a few college kids to stay in touch when they left campus.