Facebook held its first earnings call last week to report financial results for the second quarter ending June 30, 2012. Highlights of the earning call are below.
Revenue for the second quarter totaled $1.18 billion, an increase of 32%, compared with $895 million in the second quarter of 2011. Second quarter costs and expenses were $1.93 billion, an increase of 295% from the second quarter of 2011, driven primarily by share-based compensation expense.
• Monthly active users (MAUs) were 955 million as of June 30, 2012, an increase of 29% year-over-year.
• Daily active users (DAUs) were 552 million on average for June 2012, an increase of 32% year-over-year.
• Mobile MAUs were 543 million as of June 30, 2012, an increase of 67% year-over-year.
"Our goal is to help every person stay connected and every product they use be a great social experience," said Mark Zuckerberg, Facebook founder and CEO. "That's why we're so focused on investing in our priorities of mobile, platform and social ads to help people have these experiences with their friends."