Facebook reported its Q4 results today showing a year-on-year revenue growth of 40% to %1.59 billion. Mobile revenues grew to make up 23 percent of the company’s total and mobile monthly active users rose to 680 million, or up 57 percent year-over-year.
Facebook also beat analysts’ estimates on EPS and net income with about $65 million in net income to an average estimate of $45.8 million, and EPS excluding certain changes of 17 cents, compared to the forecast of 15 cents a share from the same Bloomberg survey. In the same time a year ago, Facebook earned $302 million in net income on $1.131 billion in revenue.
As for the revenue breakdown, Facebook has two primary revenue sources: advertising and payments. Ad revenue was $1.33 billion, up 41 percent from the year before. Payments revenue came in at $256 million, but was essentially flat year-over-year if you factor in some accounting changes that required Facebook to count four months of revenue instead of the normal three for the quarter.
Fourth Quarter 2012 Operational Highlights
Recent Business Highlights
Credits: TechCrunch
As artificial intelligence (AI) continues to progress exponentially, the future of industries like software engineering…
The average return rate in eCommerce is estimated at 17.6% for 2024. Nearly 1 in 5 products…
The Tech Panda takes a look at recent launches in the superfast field of Artificial…
The tech sector in India has been going from strength to strength in recent years.…
Experts are saying that organizations are inadvertently creating a new identity-centric attack surface through growing…
The Tech Panda takes a look at how India has been attracting foreign businesses from…