Facebook reported its first quarter financials this afternoon.
It beat revenue expectations and slightly missed on profits.
Here are the numbers:
**Revenue: $1.46 billion vs $1.44 expected
**EPS: $0.12 vs $0.13 expected
**Mobile monthly active users: 751 Million, a 54% increase year-over-year.
**Ad revenue: $1.25 billion
**Mobile ad revenue was $375 million. That's 30% of total revenues, up from 23% last quarter. That's better than the $320 million JP Morgan analyst Douglas Anmuth was hoping for.
**March DAU: 665 million.
Two things we were looking for in particular were…
Mobile ad revenue growth. Facebook performed well here.
Usage stats. 665 million DAUs in March is a slight uptick over 618 million in Q4.
Facebook hosted an earnings call to go over the numbers at 5 p.m. eastern today.
We covered this call live. Here are our notes:
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