Facebook's first public quarter solid

27 Jul 2012, 7:10 am   -   Source: AAP
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Facebook reported stronger-than-expected revenue in its first earnings report since its IPO. (AAP)

Facebook reported stronger-than-expected revenue in its first earnings report since its IPO. (AAP)

Facebook has reported stronger-than-expected revenue in its first earnings report since its rocky initial public offering.

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Facebook has reported stronger-than-expected revenue in the company's first earnings report since its rocky initial public offering two months ago, offering some reprieve to worried investors.

Facebook Inc said on Thursday that it booked a net loss of $US157 million ($A152 million), or 8 cents per share in the April-June period, mainly due to stock compensation expenses following its IPO.

That compares with earnings of $US240 million, or 11 cents per share, in the second quarter a year ago.

Revenue grew 32 per cent to $US1.18 billion from $US895 million a year ago.

Adjusted earnings of $US295 million, or 12 cents per share, matched Wall Street's expectations.

Analysts, on average had expected slightly lower revenue of $US1.16 billion, according to FactSet.

Facebook's stock fell 5.5 per cent to $US25.37 in after-hours trading.

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