Facebook Daily Active Users Hit 1.23B

Facebook-logo

Mobile ad revenues rose 61 percent to comprise 84 percent of company's total ad revenues of $8.6 billion, up from 80 percent a year ago and steady with the third quarter.

"While I don't believe ad revenues are being impacted as of yet, I do think that marketers should be vigilant in tracking the effectiveness of their advertising on Facebook and not rely exclusively on what Facebook is telling them", said Debra Aho Williamson, an analyst for eMarketer said in a statement before the earnings were released.

Money taken in from ads on mobile devices accounted for approximately 84 percent of the social networks overall advertising revenue in the final quarter of past year. Mobile MAUs reached 1.74 billion, up 21 percent from past year, while DAUs were 1.15 billion, up 23 percent. Facebook reported that fourth-quarter expenses grew 29% from the same period a year earlier to $4.24 billion.

Despite the business success, CEO Mark Zuckerberg pointed out that Facebook is on a mission to change the world. Both earnings and revenues trumped Wall Street expectations. "We believe that this creates a greater number of stronger relationships between people, and that it helps people get exposed to a greater number of diverse perspectives".

The company inched closer to reaching 2 billion users, saying that about 1.86 billion people were using its service monthly as of December 31, up 17 percent from a year earlier.

More news: Coast Guard searches for missing diver off Florida
More news: India's Manufacturing Activity Returns To Modest Growth In January
More news: British PM Theresa May

Shares of Facebook closed Wednesday up 2.2% at $133.23, with a consensus analyst price target of $ and a 52-week trading range of $ to $.

Facebook also continued to grow its mobile user base.

Adjusted earnings for the quarter rose to $4.15 billion or $1.41 per share from $2.27 billion or $0.79 per share previous year.

Less than an hour before Facebook reported earnings, the company lost a lawsuit pertaining to its Oculus virtual reality company, in which a jury ordered the company to pay $500 million in damages to Dallas software firm ZeniMax. Other important metrics to watch out for on Wednesday will be growth in mobile usage and Instagram's revenue growth.

Since the USA election in November, Facebook has come under intense scrutiny for its role in the distribution of fake news during the campaign cycle.

Related News:

  • Washington Immigration Suit Cites Microsoft, Amazon.com Workers

    Washington Immigration Suit Cites Microsoft, Amazon.com Workers

    Microsoft confirmed it would also back the case and provide evidence "in order to be supportive". Amazon has also filed a declaration in support of Ferguson's suit.

    India down England to level series

    But Nehra went for 16 off the penultimate over which meant that the visitors needed just eight to win off the last six deliveries. I tried to learn from whatever I saw in the first innings.
    West Ham to sell Payet to Marseille

    West Ham to sell Payet to Marseille

    Now he is poised to return to the team he never wanted to leave, and one which seems a more ambitious club than when he left. Supporters will also be able to exchange their Payet shirts at West Ham club shops and buy a replacement for just £25.
  • Samsung Galaxy Xcover 4 could be announced soon

    It's also a very good year for smartphones overall, with 10nm processors set to finally appear in high-end devices. This led the way for the Samsung Galaxy Note 4 to re-emerge as one of the best phablets on the markets.
    Mulayam Singh Yadav Directs Party Workers To Stand Against Congress Candidates

    Mulayam Singh Yadav Directs Party Workers To Stand Against Congress Candidates

    The 12-km road show began from Hazratganj and took the two leaders to various parts of Lucknow . Yadav on Sunday held a joint press conference as a show of unity, Mr.

    Trump administration orders EPA contract freeze, media blackout

    Dept. of Agriculture (USDA), the Environmental Protection Agency (EPA) and even the the National Park Service are being reported . EPAAs of midnight January 24, the Environmental Protection Agency's climate change webpage and links were still up and operating.
  • Army Corps told to allow construction of Dakota Access pipeline

    Army Corps told to allow construction of Dakota Access pipeline

    A faction of pipeline protesters is working to establish a new camp on private property located on the west side of N.D. Highway 1806 in southern Morton County, according to a statement released today by the Morton County Sheriff's Office.
    NASA Remembers Fallen Heroes: 50th Anniv of Apollo 1 Tragedy

    NASA Remembers Fallen Heroes: 50th Anniv of Apollo 1 Tragedy

    Though the astronauts fought to get the door open, they were overcome by the smoke and fume, dying inside the aircraft. On Friday, NASA is opening an Apollo 1 exhibit featuring the hatch that prevented the three astronauts from escaping.

    Benoît Hamon wins Socialist presidential candidacy

    But he was not a party member, and spurned the Socialist primaries to stand at the head of his own centrist political movement. Fillon's campaign has, however, been dealt a serious blow by claims that he used public money to give his wife a "fake job".
  • Pet snake gets stuck in earlobe hole

    An Oregon woman wound up with an unwanted accessory after her pet snake chose to crawl through a piercing in her ear. She wrote later that they numbed her ear, lubed Bart up, stretched him out, and got him out safely.

    Gas prices drop as motorist shift into 'park'

    The Dearborn-based auto club says Monday the average price for self-serve regular unleaded gasoline was about $2.19 per gallon. Markets opened Monday morning posting steady crude oil prices as a result of increased USA oil production.

    Key Take-aways from Baker Hughes Incorporated (BHI) Q4 Earnings Results

    Also, VP Belgacem Chariag sold 15,000 shares of the business's stock in a transaction on Wednesday, November 9th. The stock has been active on the tape, now trading at $63.10, down from yesterday's close by -0.79%.


Most liked

NFL Announces Patriots Will Play Raiders In Mexico In 2017
On the November 21 edition of "Monday Night Football", the Raiders beat the Texans, 27-20, in Mexico City. The Raiders played the Texans in Mexico City in 2016.

Former UN Chief Ban Not Running for South Korea President
Former United Nations secretary-general Ban Ki-moon has announced that he will not run for presidency in South Korea. Another bribery case involving his brother and nephew has emerged as another dispiriting setback for Ban.

Guardiola axes City keeper Bravo
While West Ham was essentially forced into selling Dimitri Payet this week, they've been playing better without him as of late. Striker Sergio Aguero and goalkeeper Claudio Bravo were notable absentees from manager Pep Guardiola's starting XI.

Tesla Model S crash test result misses top safety rating by IIHS
Its standard front crash prevention system earns a superior rating, and its only available headlights earn an acceptable rating. However, the IIHS says that the i3 and Model S won't require extensive modifications like the up-for-a-redesign Leaf does.

Researchers confirm existence of lost continent beneath Indian Ocean
The continent would have been 932 miles across and would have linked Madagascar and India together. For the unfamiliar, zircons occur primarily in granites and form a part of the continent plates.

Denis Villeneuve officially set to direct Dune reboot
Herbert himself wrote five literary Dune sequels and, beginning in 1999, new Dune novels began being published. The book has been filmed before, of course, with David Lynch's 1984 feature savaged on its original release.

Iraq Bans US Travelers In Wake Of Trump's Travel Ban
Of the lobbying ban, he said: "This was something, the five year ban, that I have been taking a lot about on the campaign trail". By its radical Islamic ideology, ISIS also attempting to create its own state, which it claims as a "caliphate".

Kim Kardashian Robbers Reveal Fate Of Stolen Jewelry
Khedache explained that the items were melted "f$3 or the jewelry never to be recognized". Kim Kardashian was robbed for over $10 million in cash and jewelry back in October.

Teva Pharmaceutical Industries Limited (TEVA) Stock Price Increases 4.09%
Stock performance of Teva Pharmaceutical Industries Limited is analyzed for various periods using several stock trading signals. Krilogy Financial LLC raised its position in shares of Teva Pharmaceutical Industries Limited by 1.0% in the second quarter.

Ayew Brothers take Ghana into Semi-Finals
Egypt will now fly to Gabon's capital Libreville where they will take on Burkina Faso in the first semi-final on Wednesday. Two goals from the Ayew brothers ensured Ghana's progress in the competition despite the absence of Asamoah Gyan.

SAG Awards attendees discuss the current political climate on the red carpet
Julia Louis-Dreyfus took more direct aim at Trump's executive order , calling it a "blemish" on the country, and un-American. Well today, fans of the character are about to be in for a huge surprise after they see her latest look.

Trump to propose 20% Mexican border tax to pay for wall
Mexico is America's third-largest trading partner, with the US sending $236 billion in goods to Mexico. Mr Pena Nieto said this morning that the meeting - scheduled to happen next week - would not go ahead.

Alphabet sees 22.2% revenue rise on advertising expansion
Alphabet's fourth-quarter profit rose to $5.33 billion or $7.56 per share from $4.92 billion or $7.06 per share past year . She further added there is great momentum in Google's new investment areas and ongoing strong progress in "Other Bets".

Mike Krzyzewski Reportedly Bans Players From Locker Room, Wearing Duke Apparel
Meanwhile, Luke Kennard at 19.8 points per game, leads Duke in scoring and is ranked fourth in ACC this season. Mike Krzyzewski isn't a happy man, and made a decision to take out some of his frustrations on Duke players.

Diageo toasted by City after strong sales growth
Good sales of white spirits and scotch in Asia Pacific offset the continued contraction of the local whiskey market in Korea. Menezes added that as a company with a global portfolio, Diageo is hoping for free trade that isn't exlusive to the UK.





Most Commented