Hence Facebook’s stock falling last night, despite the company hitting its expectations with Q2 revenues of $1.2bn and a net loss of $157m. The social network’s shares fell 11% to a new low of $24 – its IPO price was $42 earlier this year.
Here are the key figures. Facebook ended June with 955m monthly active users, up 29% year-on-year. It averaged 552m daily active users during June, up 32%. And it has 543m monthly active mobile users, up 67% on Q2 last year. Facebook’s revenues were up 32% year-on-year, with 84% ($992m) coming from advertising.
No specific mention of music, but Facebook’s role in the digital music ecosystem is big enough that the music industry will be closely following its financial performance anyway.