Stocks/Earnings

Facebook Daily Active Users Hit 1.23B

Up 18% in December 2016 versus a year earlier 2/01/2017 4:47 PM Eastern

Facebook said daily active users climbed 18%, to 1.23 billion, in December 2016, versus the year-ago period.

 

Average mobile DAUs rose 23%, to 1.15 billion, in December, while monthly mobile MAUs reached 1.74 billion, up 21% from a year earlier.

 

Overall monthly active users jumped 17% to 1.86 billion in Dec. 2016 versus the year-ago period.

 

Facebook posted total Q4 revenues of $8.8 billion, up 51% from $5.84 billion in the year-ago period.  The bulk of it came from ad revenue of $8.62 billion, up 53% from $5.63 billion. $4.55 billion of total revenues came from the U.S. and Canada, $2.06 billion from Europe, $1.34 billion from Asia Pacific, and $839 million from the rest of the world.

 

Mobile ad revenues represented about 84% of all ad revenue in Q4, versus 80% a year earlier.

 

Facebook notched GAAP net income of $3.56 billion ($1.21 per share), up 128% from $1.56 billion (54 cents).

 

Results handily beat Wall Street estimates. Facebook shares were up 2.2% in early after-hours trading Wednesday.

 

Facebook ended 2016 with cash and cash equivalents and marketable securities of $29.45 billion. 

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