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Home In Media Computers Facebook Posts $1.59 Billion Q4 Revenue

Facebook Posts $1.59 Billion Q4 Revenue

Shares of Facebook have rebounded recently since the company’s disastrous initial public offering last May.  While the social network’s stock has not reached its IPO price of $38 per share, it has increased more than 30% in the last six months. After beating expectations last quarter, Facebook has continued to grow and focus on new ways of connecting users through the Web. The company recently announced its Graph Search feature and has doubled down on mobile revenue. The numbers are in and Facebook beat Wall Street’s expectations in the fourth quarter. The company reported revenue of $1.585 billion and an EPS of $0.17, ahead of the Street’s expectations of $1.53 billion in revenue and EPS of $0.15.

“In 2012, we connected over a billion people and became a mobile company,” said CEO and founder Mark Zuckerberg. “We enter 2013 with good momentum and will continue to invest to achieve our mission and become a stronger, more valuable company.”

Facebook revealed that its mobile daily active users exceeded web daily active users for the first time in the fourth quarter. As of December, combined daily active users reached 618 million, an increase of 28% year-over-year. Monthly active users reached 1.06 billion, an increase of 25% year-over-year, with mobile accounting for 680 million, a 57% increase from last year.

Facebook’s revenue of $1.585 billion represented a 40% increase from the fourth quarter of 2011. Perhaps one of the most important numbers was its mobile revenue, which accounted for 23% of all advertising revenue in Q4, an increase from 14% in the third quarter of 2012.

Source: BGR

David Novakhttps://www.gadgetgram.com
For the last 20 years, David Novak has appeared in newspapers, magazines, radio, and TV around the world, reviewing the latest in consumer technology.His byline has appeared in Popular Science, PC Magazine, USA Today, The Wall Street Journal, Electronic House Magazine, GQ, Men’s Journal, National Geographic, Newsweek, Popular Mechanics, Forbes Technology, Readers Digest, Cosmopolitan Magazine, Glamour Magazine, T3 Technology Magazine, Stuff Magazine, Maxim Magazine, Wired Magazine, Laptop Magazine, Indianapolis Monthly, Indiana Business Journal, Better Homes and Garden, CNET, Engadget, InfoWorld, Information Week, Yahoo Technology and Mobile Magazine. He has also made radio appearances on the The Mark Levin Radio Show, The Laura Ingraham Talk Show, Bob & Tom Show, and the Paul Harvey RadioShow. He’s also made TV appearances on The Today Show and The CBS Morning Show.His nationally syndicated newspaper column called the GadgetGUY, appears in over 100 newspapers around the world each week, where Novak enjoys over 3 million in readership. David is also a contributing writer fro Men’s Journal, GQ, Popular Mechanics, T3 Magazine and Electronic House here in the U.S.

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