Facebook Revenue Hits $1.18 Billion in Q2

Jul 26, 2012

Facebook's Q2 earnings report, which was detailed in a presentation today, was strong -- more than most companies could dream of -- but that didn't satisfy Wall Street. The company earned $992 million in ad revenue (a 28% increase), and is somehow still growing its user base, which is up to 955 million monthly active users. Still, the company reported a quarterly loss of $157 million. Overall, though, revenue exceeded expectations at $1.18 billion.

Shares in the company, however, were down to a record low of $24.50 per share in after hours trading.