Earnings

Facebook reported earnings of $512 million, or 18 cents per share, down from $642 million, or 25 cents per share, last year. Excluding special items, EPS was 42 cents – above analysts’ view of 40 cents.

Revenue
Revenue surged 42% to $3.54 billion from $2.50 billion last year, but failed to meet analysts’ view of $3.56 billion.

While revenue jumped 42% in the first quarter, costs increased by 83%. Facebook has nearly doubled its R&D spending, as well as its number of employees.

On the upside, the company did mention that its subscribers have been growing from 1.39 billion in Q4 to 1.44 billion in Q1.

Investors interested in FB may be interested in the funds listed below. These funds currently have the largest stakes in the company.

The funds listed above allow investors to gain exposure to FB while remaining diversified. Investors interested in FB may also be interested in Twitter (TWTR) and Google (GOOG).