Facebook Q2 2014 Conference Call Highlights

Facebook Inc FB hosted its Q2 2014 conference call Wednesday after the market close, releasing detail of revenue and guidance. Before the call, Facebook reported EPS for the quarter of $0.42 compared to analyst estimates of $0.32 and revenue of $2.91 billion above consensus expectations of $2.81 billion for the quarter. Highlights From The Call:

• 1.32 million users with 60 percent daily.
• Total revenue grew by $2.9 billion in the second quarter.
• Daily Active Users 829 million total with US & Canada 152 million, Europe 206 million, Asia 228 million, rest of the world 224 million.
• Mobile Daily Active Users (Mobile DAUs) 654.
• Monthly Active Users 1.3 billion total with US & Canada 204 million, Europe 292 million, Asia 410 million, and rest of the world 411 million.
• During world cup 350 million relative users posts generating 3 billion interactions. Brands such as Visa Nike, Mobile, and Facebook participated in world cup postings.
• Add revenue grew 67 percent to $2.6 billion.
• Facebook delivered $872 million in free cash flows.
• COGS grew 2 percent on a GAAP basis and cost of revenue decreased by two percent from prior quarter.
• GAAP Operating Margins of 48 percent, up 5 percent from Q1. Second quarter GAAP operating income $1.4 billion. Non-GAAP income 1.1 billion .
• Total non gaap expense projected to grow by 30 to 35 percent for full year 2014.
• Taxes projected to be around the current rate of 42 percent.
• Guidance of $2 to $2.5 billion in CAPEX for year end 2014.
• Increase in expenses is due to acquisitions and are incremental.