Facebook owned mobile messaging app WhatsApp has reported a net loss of $232.51 million for the six month ended June 30, 2014 (H1 2014), a significant increase from $58.8 million loss in the same period last year, Facebook has disclosed in an SEC filing. A big part of this loss was the issuance of common stock below fair value of $109.9 million and a share-based compensation expenses of $96.6 million for the period. In comparison, there was no similar issuances in the same period last year while the share-based compensation expenses was at $40.5 million. The net revenues of the company was at $15.29 million for H1 2014, as compared to $2.76 million in the same period last year. Note that this is the first time Facebook has disclosed WhatsApp revenues after it closed the $22 billion acquisition earlier this month. Annual results: For the year ended December 31, 2013, WhatsApp posted a net loss of $138.2 million, more than double of $54.7 million loss in the previous year. Of this, share-based compensation expenses accounted for $98.8 million, up from $38.3 million in the previous year. The net revenues was at $10.2 million for the year, as compared to $3.82 million revenue in the previous year. The company used a net cash of $9.9 million in operational activities during the year, as compared to $3.5 million in the previous year. WhatsApp chasing growth not monetization It's worth noting that WhatsApp's revenues are significantly smaller than its competitor LINE that posted net sales of $191.7 million (20.9 billion Yen) in Q3 2014 itself,…
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