Editor’s Note: Related tickers: Facebook Inc (NASDAQ:FB), LinkedIn Corp (NYSE:LNKD), Groupon Inc (NASDAQ:GRPN), Research In Motion Ltd (NASDAQ:BBRY)
Facebook’s revenue jumps 38% as mobile advertising gains ground (FirstPost)
A year ago, Facebook Inc (NASDAQ:FB) was just testing the waters of mobile advertising, causing plenty of headaches for investors ahead of its massive initial public offering. It has since eased those worries. On Wednesday the world’s biggest social networking company said nearly a third of its advertising revenue came from mobile in the first three months of the year, helping to push total revenue up 38 percent to surpass Wall Street’s expectations. “They are making the transition to mobile faster than anyone anticipated,” said Sterne Agee analyst Arvind Bhatia. “It seems like they are delivering.” Facebook Inc (NASDAQ:FB) said Wednesday that its net income was $219 million, or 9 cents per share, in the January-March period. That’s up from $205 million, or 9 cents per share, in the same period a year ago, when it was still private.
Are Facebook Users Peaking? Beware of the Missing Mobiles (WSJ)
“Facebook profits rise despite drop in US users” That was a pretty serious sounding headline over at the Guardian yesterday, which led into a story with some big numbers: “Facebook has lost 10 million users in the US and seen no growth in monthly visitors in the UK over the past year, according to data from market research firm Nielsen. …Those numbers are hinted at in other recent stories suggesting Facebook’s user base might be peaking, but as the Guardian points out, Facebook Inc (NASDAQ:FB) has said “the number of users accessing from personal computers is falling, while traffic from mobile devices is surging.”
Why Facebook Earnings Just Are Not Important (247WallSt)
The corporate earnings report from Facebook Inc (NASDAQ:FB) has shares trading higher the day after the report. Many analysts have keyed in discussing many metrics, but the reality is that Facebook is just not anywhere close to being an earnings story. This is a story of pioneering mobile advertising and controlling the change of how society digests its media and information. …So, why don’t earnings really matter for now? Facebook Inc (NASDAQ:FB) is getting its Home launch tweaked, and realistically we would say that this is nowhere close to even being in the second inning of its launch. The effort is going to be difficult to monetize, but the hyper-use that may come from it can lead to all sorts of new ad models that the company is only thinking of now.
LinkedIn: Time to Get Bullish on This Rising Star? (Minyanville)
On May 2, LinkedIn Corp (NYSE:LNKD) will announce earnings for Q1 of 2013. The company has beaten expectations every quarter for the past year and a half. Estimated earnings per share have evaluations as high as $0.41, compared to $0.35 of Q4. For annual revenues, the professional network brought in $927 million last year, up $450 million from 2011. With 200 million professional contacts, LinkedIn Corp (NYSE:LNKD) is one of the most-followed companies on the market. The stock has increased 78% over the last year with no signs of slowing down as sales and net income keep growing. The company is considered to have a strong business model with a strategy that can market to different segments of its customers. LinkedIn Corp (NYSE:LNKD) is comprised of both free and paid features for its members, and currently it has partnerships with developers such as Research In Motion Ltd (NASDAQ:BBRY) to make those experiences even better.
The home of LinkedIn Corp (NYSE:LNKD) Empire Estate Building hearing resumes on May 3 (CrazyJoys)
Recent media reports claimed that a lawsuit hearing to take New York’s Empire State Building public will take place on Friday. The lawsuits involve settlement about 55 million US dollars. In earlier hearing the opponents of the transaction requested the jury to postpone the proceedings which was denied. The Empire State Building was about 69 % occupied at the end of 2012, with such tenants as LinkedIn Corp (NYSE:LNKD), Coty Inc and the Federal Deposit Insurance Corporation. The opponents of the deal said their units are potentially worth more than 300,000 US dollars each. They also contended that the deal forces them to vote in favor of the REIT. Peter Sherwood, New York State Supreme Court Justice, stated that the investors are not entitled to rights under the regulations since they are not members of Empire State Building Associates LLC.
