WhatsApp’s First Half Of 2014 Revenue Was $15M, Net Loss Of $232.5M Was Mostly Issuing Stock

Facebook disclosed WhatsApp financials for the first time, and it looks like the 600 million user messaging app is rapidly losing money with little revenue. In 6 months ending June 30th, 2014, WhatsApp brought in $15.921 million in revenue, but had a net loss of $232.5 million. However, $206,507 million of that was for Share based compensation expense and issuance of common stock below fair value. It’s net cashed used in operating expenses during the first half of 2014 was $13.5 million, which sounds much more reasonable.

For the year ending December 31st 2013, WhatsApp had $10.2 million in revenue and a net loss of $138.146 million. Net cash used in operating during this period was only $9.9 million, while share based compensation amounted to $98.8 million. This share based compensation ballooned from $38.2 million in 2012 when it had $54.669 million in net losses, $3.5 million net cash used in operating activities, and just $3.821 million in revenue.

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