Facebook (NASDAQ:FB) is up a quick 1.6% after easily clearing expectations with its Q2 earnings, as both ad revenues and subscribers came in ahead of expectations.
Revenues overall rose nearly 11%, to $18.69B; ad revenues rose 10% to $18.32B.
Operating income jumped 29% to $5.96B, with margin of 32%.
And amid a sharply lower effective tax rate (16% vs. 46%), net income nearly doubled, to $5.18B.
Daily active users were 1.79B (up 12%), topping expectations for 1.74B, and monthly active users also rose 12%, to 2.7B.
Family daily active people was 2.47B on average, up 15%. Family monthly active people was 3.14B, up 14%.
ARPU came in at $7.05 vs. an expected $6.63.
It expects Q3 ad revenue growth roughly in line with Q2’s 10% rate.
Capex for the year will be on the higher side of the range, about $16B vs. a previous range of $14B-$16B.
Conference call to come at 6 p.m. ET.