Tags: facebook | profit | jumps | billion | users

Facebook Revenue Jumps 52 Percent in Q4, Hits 1.59 Billion Monthly Users

Wednesday, 27 Jan 2016 04:43 PM

Facebook, the world's biggest social-media service, keeps growing bigger as the company blew past Wall Street financial forecasts for the fourth quarter of 2015.

The company said it had 1.59 billion monthly active users as of Dec. 31, up 14% year-over-year. Revenue of $5.84 billion was up 52% and net income more than doubled to $1.56 billion, or 79 cents per share.

Facebook shares popped more than 6% in after-hours trading, after closing down 3% Wednesday amid a broader market decline. Analysts had expected Facebook to report earnings of 68 cents per share on revenue of $5.36 billion for Q4, according to a Thomson Reuters survey.

"2015 was a great year for Facebook. Our community continued to grow and our business is thriving," Facebook founder and CEO Mark Zuckerberg said in announcing the results. "We continue to invest in better serving our community, building our business and connecting the world."

Facebook's continued growth again was driven by mobile. Mobile daily active users were 934 million on average in December 2015 (an increase of 25% year-over-year) while total daily active users rose 17%, to 1.04 billion.

© 2017 Thomson/Reuters. All rights reserved.

   
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Facebook, the world's biggest social-media service, keeps growing bigger as the company blew past Wall Street financial forecasts for the fourth quarter of 2015. The company said it had 1.59 billion monthly active users as of Dec. 31, up 14% year-over-year. Revenue of $5.84...
facebook, profit, jumps, billion, users
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2016-43-27
Wednesday, 27 Jan 2016 04:43 PM
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