San Francisco: Facebookâs revenue rose 32 percent in the second quarter, months after it went public in May.
Facebook posted a net loss of $157 million, or 8 cents a share in the second quarter, due to hefty stock compensation charges related to its initial public offering, compared to net income of $240 million, or 11 cents, in the year-ago quarter, Reuters reported.
Excluding the charges, Facebook said it earned 12 cents a share.
Facebook said it had 955 million monthly active users, up from the 901 million users at the end of March.
Facebook shares are down nearly 30 percent from its $38 offering price, as investors worry about the company’s ability to transform its growing mobile presence into ad revenue and the company’s long-term money-making potential.
In Pakistan, Facebook has around seven million users.
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