Facebook Q2 results better than forecasts

Facebook closed the second quarter of 2016 with profits almost tripled from a year before surpassing estimates, thanks to advertising revenue, the market expected strong decline. The title, in the after market, has gained more than 6%, exceeding for the first time the $ 130 per share. Moreover, the number of users continues to rise.

About 1.71 billion people have used at least once a month, + 15% per year while in the first quarter were 1.65 billion. Those who have used each month the largest social network in the world through a mobile device were 1.57 billion (+ 20%) against 1.52 billion in the January-March period.

Facebook for the last Q2 ended with net earnings of $ 2.055 billion, up 186% from $ 719 million in the same period last year. Profits per share rose from 25 cents to 71 dollars, but excluding extraordinary items have gone from 50 to 97 cents per share against analysts' expectations for 82 cents.

Revenues rose by 59% to 6.436 billion dollars from 4.042 billion in the April to June period of 2015. The consensus stood at 6 billion. To support the sales was advertising: in the second quarter generated 6.239 billion, an increase of 63% per annum. The group explained that 84% of that amount is linked to promotional ads on mobile devices, up from 76% in the same period of 2015.

Mark Zuckerberg – CEO and co-founder of Facebook – said in a statement that "our communities and our activities have had another good quarter. We are particularly pleased with the progress in the videos as we move toward a world in which videos are at the heart of our services. " Pending the accounts, arrived yesterday in closed markets, Facebook had finished the session rising 1.75% to $ 123.34. In after market has come to earn more than 6%, exceeding for the first time the $ 130.