Thursday, July 27, 2017
Facebook Q2: $9.3B revenue, up 45% YoY; 1.3B DAUs, up 17% YoY; 2B MAUs, up 17% YoY; headcount up 43% YoY to 20.7K at end of Q2; mobile revenue was 87% of total
We just announced our quarterly results and gave an update on our progress to bring the world closer together. Our community is now more than 2 billion people, including more than 1.3 billion people who use Facebook every day.
I'm proud of the progress our community is making, and it comes with a responsibility to make sure we have the most positive impact on the world that we can. That's why, last month, we updated Facebook's mission to focus not just on connecting the world, but also bringing the world closer together.
A big part of this is building community. We've set a goal to help 1 billion people join groups that become a meaningful part of their lives both online and in the physical world, and last month we rolled out new tools to help people start and grow communities on Facebook.
This quarter we also announced that more than 250 million people use Instagram Stories every day, and more than 250 million people use WhatsApp Status every day. We're going to keep improving and giving you more ways to share.
As always, it's an honor to be on this journey with you.
In the fourth quarter of 2016, we elected to early adopt Accounting Standards Update No. 2016-09, Compensation - Stock Compensation (Topic 718): Improvement to Employee Share-based Payment Accounting (ASU 2016-09). We were required to reflect any adoption adjustments as of January 1, 2016, the beginning of the annual period that included the interim period of adoption. As such, certain financial highlights data for the three months ended June 30, 2016 had been adjusted to reflect the impact of ASU 2016-09 adoption. See Note 1 — Summary of Significant Accounting Policies (Note 1) in the notes to our consolidated financial statements in our Annual Report on Form 10-K for the year ended December 31, 2016 for detailed adoption information.
Second Quarter 2017 Operational and Other Financial Highlights
Daily active users (DAUs) – DAUs were 1.32 billion on average for June 2017, an increase of 17% year-over-year.
Monthly active users (MAUs) – MAUs were 2.01 billion as of June 30, 2017, an increase of 17% year-over-year.
Mobile advertising revenue – Mobile advertising revenue represented approximately 87% of advertising revenue for the second quarter of 2017, up from approximately 84% of advertising revenue in the second quarter of 2016.
Capital expenditures – Capital expenditures for the second quarter of 2017 were $1.44 billion.
Cash and cash equivalents and marketable securities – Cash and cash equivalents and marketable securities were $35.45 billion at the end of the second quarter of 2017.
Headcount – Headcount was 20,658 as of June 30, 2017, an increase of 43% year-over-year.
Webcast and Conference Call Information
Facebook will host a conference call to discuss the results at 2 p.m. PT / 5 p.m. ET today. The live webcast of Facebook's earnings conference call can be accessed at investor.fb.com, along with the earnings press release, financial tables, and slide presentation. Facebook uses the investor.fb.com and newsroom.fb.com websites as well as Mark Zuckerberg's Facebook Page (https://www.facebook.com/zuck) as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.
Following the call, a replay will be available at the same website. A telephonic replay will be available for one week following the conference call at +1 (404) 537-3406 or +1 (855) 859-2056, conference ID 40144952.
Founded in 2004, Facebook's mission is to give people the power to build community and bring the world closer together. People use Facebook to stay connected with friends and family, to discover what's going on in the world, and to share and express what matters to them.
Image credit: Facebook.com