Did you have a delightful day yesterday? What was the best hour of your day? Maybe you treated yourself to a nice mid-week dinner? Maybe the best hour was not getting hit by a car while playing Pokemon GO. Maybe your best hour was making sweet, sweet love to your girlfriend and then watching 57 minutes of Stranger Things. Maybe your best hour was hitting your snooze button and going back to sleep. Whatever your best hour from yesterday was it paled in comparison to one hour in the life of Mark Zuckerberg on Wednesday.
The Facebook CEO raked in a stupid amount of money on Wednesday after the social media giant released their impressive second-quarter results.
Facebook’s stock price soared 6.5% in after-hours trading to $131.40, as of 5:15 p.m. Eastern time Wednesday. The rise followed the company’s announcement that revenues and earnings had eclipsed analysts’ estimates, primarily thanks to gains in mobile ad revenue. Revenues in the second quarter rose about 59% to $6.44 billion, topping the $6.02 billion that analysts predicted. Profits increased to $2.1 billion, or 71 cents a share, exceeding analysts’ estimates of 57 cents a share.
All that sensational financial news paid substantial dividends for the Facebook CEO. Zuckerberg made $3.4 BILLION in just over ONE hour from his company’s outstanding performance.
The mega payday made Zuckerberg the richest he has ever been with his net worth skyrocketing to a new high of $56.7 billion.
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Damn.
Zucks is currently the world’s fifth-richest person, right behind Jeff Bezos, who has an estimated fortune of $64 billion.
Zuckerberg is 32-years-old.
The Guardian reveals that Facebook has made great strides in mobile advertising to help boost their profile:
Mobile advertising revenue accounted for 84% of the company’s total advertising revenue, compared with 76% a year earlier. Total advertising revenue surged 63% to $6.24bn, beating the average analyst estimate of $5.80bn, according to market research firm FactSet StreetAccount.
As of June 30, Facebook said they had approximately 1.71 billion users, compared to 1.49 billion the year before.
Bros, go invent something epic so this is you reaping massive monetary rewards.