Facebook (NASDAQ: FB) he fast 1.6% after easily clearing expectations with its Q2 earnings, both advertising revenue and subscribers exceeded expectations.
Global revenue rose nearly 11%, to $ 18.69B; public revenue rose 10% to $ 18.32B.
Operating income jumped 29% to $ 5.96B, with a margin of 32%.
And amid a drastically lower effective tax rate (16% vs. 46%), net income nearly doubled, to $ 5.18B.
Daily active users were 1.79B (up 12%), raising expectations to 1.74B, and monthly active users also rose 12%, to 2.7B.
The family of active people per day averaged 2.47B, up 15%. The monthly family of active people was 3.14B, up 14%.
The ARPU came in at $ 7.05 versus the expected $ 6.63.
Expect revenue growth from Q3 and roughly in line with the 10% rate of Q2.
Capex for the year will be at the top of the range, around $ 16B vs. a previous $ 14B- $ 16B range.
Conference call comes at 6 pm ET.