Facebook reports $1.184B in Q2 revenue, but a GAAP loss of $743 million on $1.3 billion in IPO-based charges
Facebook has released its second quarter earnings results, reporting revenues of $1.184 billion, up 32 percent from $895 million during the same period last year. The company’s non-GAAP (generally accepted accounting principles) income was $515 million, good enough for a net income of $295 million, and earnings per share (EPS) of $0.12.
However, the company’s GAAP numbers were significantly worse, owing to the massive $1.3 billion stock-based compensation charge related to its IPO. Taking that into account, Facebook reported a loss of $743 million for the quarter, and a $157 million hit to net income.
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