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Facebook has reported second quarter results – its first since listing. Although still growing, the company disappointed by not matching analyst predictions.

Revenue for the quarter, ended 30 June, totaled $1,18-billion, an increase of 32%, compared with $895-million in the second quarter of 2011.

Revenue from advertising was $992-million, representing 84% of total revenue and a 28% increase from the same quarter last year. Payments and other fees revenue for the second quarter was $192-million.

For the second quarter, GAAP loss from operations was $743-million, compared to income from operations of $407-million for the second quarter of 2011. Excluding share-based compensation and related payroll tax expenses, non-GAAP income from operations for the second quarter was $515-million, compared to $477-million for the second quarter of 2011.

GAAP operating margin was negative 63% for the second quarter of 2012, compared to 45% for the second quarter of 2011. Excluding share-based compensation and related payroll tax expenses, non-GAAP operating margin was 43% for the second quarter of 2012, compared to 53% for the second quarter of 2011.

GAAP net loss for the second quarter was $157-million, compared to net income of $240-million for the second quarter of 2011.

“Our goal is to help every person stay connected and every product they use be a great social experience,” says Mark Zuckerberg, Facebook founder and CEO. “That’s why we’re so focused on investing in our priorities of mobile, platform and social ads to help people have these experiences with their friends.”

Monthly active users (MAUs) were 955-million as of June 30, 2012, an increase of 29% year-over-year, while daily active users (DAUs) were 552-million on average for June 2012, an increase of 32% year-over-year. Mobile MAUs were 543-million as of June 30, 2012, an increase of 67% year-over-year.