So much for worries about tech companies rolling over.
After yesterday’s AAPL beat which nonetheless resulted in one of the biggest intraday jumps in its stock in history, sending it highest over 6% today, moments ago Facebook reported results which crushed expectations, and have sent the company higher as much as 3%. The street was expecting $8.81 billion in revenue and EPS of $1.34. Instead it got revenue of $8.81 billion, a 51% increase from 2015 – 84% of which came from mobile – and EPS of $1.44, a 78% increase.
It achieved this with Daily Average Users of 1.23billion, above the 1.21billion expected, up 18% Y/Y, while Monthly active users soared to 1.86 billion, also above the 1.84 billion expected, and up 17% from a year ago. This means that as of this moment more than a quarter of the world’s population logs in to Facebook at least once a month.
Putting Facebook’s results and unprecedented user growth in context, in one year, Facebook added some 269 million monthly active users, roughly all of Twitter’s user base, in just the past year.
Here are the details reported by Facebook.
Finally, the biggest factor was Mobile monthly users, which soared to 1.74 billion as of Dec. 31, an increase of 21% Y/Y. Also, if there was any concern about ad revenue slowing down, that too can be ignored for now: Mobile advertising revenue represented approximately 84% of advertising revenue for the second quarter of 2016, up from approximately 80% in Q4 2015.
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