Facebook Q1 Earnings Beats With $1.46B In Revenue, Up 38%, But Misses With Flat EPS Of $0.12 Non-GAAP
Facebook has just posted its earnings for the quarter that ended March 31, 2013. Facebook hit $1.46B in revenue up 38% from Q1 2012, beating the street. However, earnings per shared missed estimates, staying flat at $0.12. While revenue only grew slightly, the amount of its 1.11 billion monthly users that returned daily, 665 million, was slightly better than last quarter. Analysts were expecting earnings per share of $0.13, on sales of $1.44 billion. Facebook reported earnings of $1.06 billion for the same quarter a year ago. Last quarter, Facebook posted earnings of $1.59 billion, a rise of 40% year-over-year. Last quarter the company had 1.1 billion monthly users, 618 million daily users, and 680 mobile monthly million, up 57 percent year-over-year. In the lead-up to today’s earnings, there were a lot of expectations about how Facebook would perform performing around some key metrics. User numbers. As noted in the WSJ, one area where Facebook will be scrutinized will be in its proportion ...
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More Layoffs And Downsizing At Vostu, South America's One-Time Frontrunner in Gaming
Vostu, the onetime darling of the social gaming world in South America, appears to have just had a fresh round of layoffs over the last few weeks. Multiple sources who have worked with the company said that Vostu laid off about 100 people and is now down to somewhere between 50 and 70 employees. Vostu has not replied to multiple requests for comment. This is a huge decline for the company, which took at least $46 million in funding from investors including Accel Partners, Tiger Technology Global, Intel Capital and General Catalyst. At the end of 2011, the company had around 580 employees spread across Sao Paulo, Buenos Aires and New York and claimed that 25 percent of Internet users in Brazil played Vostu games. So the company’s headcount is now about one-tenth of what it was two years ago. The company had an earlier round of layoffs around the same time last year. It looks like a perfect storm of factors created headwinds for the company. Orkut’s gradual decline to Facebook in Brazil ...
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Aviary’s Platform Has Been Used To Edit Over 3B Photos, And That Doesn’t Even Include Twitter
While developers scrambled to cash in on the photo-sharing gold rush while Instagram rose to prominence and then got sold to Facebook, Aviary took a different approach. Rather than build a consumer-facing app, the company decided to build a platform that allows other networks to include its photo-editing suite. It was a brilliant play and has paid off, as Aviary has announced that its platform has edited over 3 billion photos. Editing those photos are 35 million active users from 3,500 partners using the Aviary SDK. The impressive part of this milestone is that it doesn’t even include all of the photos edited with Twitter’s integration, which went into effect last December. One could assume that Twitter didn’t want its numbers leaking out with the rest. A little over a month ago, Photobucket went all in and started using Aviary’s platform, as well. Add Flickr, and all of a sudden you’re getting a picture of just what type of damage Aviary can do in the space. Recently appointed ...
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Kabam Acquires Exploding Barrel Games, Build Outs Presence In Vancouver
Kabam, a midcore mobile and social developer that ended last year with about $160 million in revenue, just bought Exploding Barrel Games and is expanding its presence out in the Vancouver area. The terms of the deal weren’t disclosed. It follows on a series of other acquisitions including Fearless Studios, Gravity Bear, Wild Shadow Studios and Balanced Worlds — all of which have happened since the beginning of last year. Exploding Barrel Games has already collaborated on one unreleased title with Kabam and will add more than 30 designers, artists and programmers to the company. That will bring Kabam’s total headcount to around 600 people. Exploding Barrel Games, which produced MargaritaVille for THQ, includes developers that have worked on Need For Speed, Skate, FIFA and SSX. Kabam successfully pivoted from the Facebook platform to iOS and Android over the past year with its hit franchise Kingdoms of Camelot. Its mobile game, Kingdoms of Camelot: Battle for the North was first on Apple’s ...
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Seeking More Daily Deal Traction, Groupon Updates Its iPad App With ‘Nearby’ Feature And Support For 6 More Countries
Groupon — the daily deals site with ambitions to become the go-to platform for all local commerce — is continuing to expand its mobile offerings to meet that goal. The company today is launching a new version of its iPad app. Bringing it up to par with its existing iPhone app, updated this summer, the app now lets users add in gift codes, and has better social integration with Facebook. But perhaps the key new feature is a “nearby” service, letting people search for and hopefully redeem deals close to them. All three are part of a bigger strategy for Groupon to add more functionality into its overall service that will likely see integration of mobile commerce and other features into the app down the line. The app also now works in six new countries: Australia, Brazil, Hong Kong, Netherlands, Singapore and Sweden. In addition to existing support for the U.S., Canada, Denmark, France, Spain, Italy and the UK, Groupon now covers 13 countries with its iPad app, still a far cry from ...
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