gamesindustryblog.com
gamesindustryblog.com June 25, 2017


Facebook shows no sign of stopping, now has 1.86 billion users

02 February 2017, 12:47 | Candice Butler

Facebook reported $8.81 billion in revenue during its quarterly earnings on Wednesday, $8.63 billion of which was due to advertising. While the pace appears to have slowed somewhat as compared to past year, Facebook still managed to yield earnings per share of $1.41.

Facebook had another strong quarter in Q4 2016, earning $8.81 billion in revenue and $1.41 EPS.

Facebook said 84 per cent of its advertising revenue was generated on mobile devices in the fourth quarter of 2016, up from around 80 per cent in the previous year.

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

Mobile DAUs - Mobile DAUs were 1.15 billion on average for December 2016, an increase of 23% year-over-year. Profits more than doubled from a year ago, to $3.6 billion, or $1.21 a share. But all of that hasn't eaten into Facebook's bottom line. Both earnings and revenues trumped Wall Street expectations.

Earnings, adjusted for one-time gains and costs, were $1.41 per share in the latest quarter.

Trump Accuses Mexico Of Taking Advantage Of U.S.
An official at the Mexican president's office confirmed the call and said a statement would be issued later with more details. Mr Trump later presented the scrapped plan as a mutual agreement. "That's really going to provide the funding", he said.

Facebook has faced doubts about whether it can continue its runaway success in the face of such limits, as well as its absence from the Chinese market and criticism about its handling of so-called "fake news" posts during last year's USA election.

Facebook said Wednesday that 1.86 billion people use the social network at least once a month.

For now, Facebook's ability to simultaneously grow users and revenue is impressive. The stock further, gained $2.70 or 2.03% in the after-hours trading.

Overall, the biggest driver in revenue and user growth is on mobile.

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.



Other News

Trending Now

Saudi King backs Trump's safe zones request in Syria, Yemen: White House
The White House reports the talks between Donald Trump and the Abu Dhabi royal resumed to the "safe zones" for refugees. The White House said Trump also discussed safe zones and that "the crown prince agreed to support this initiative".

Trump Adviser Peter Thiel Faces Scrutiny Over New Zealand Citizenship
The Ministry of Internal Affairs said in response: "This is New Zealand - we do not sell our citizenship; it is earned". The files showed Trade Me founder Sam Morgan also wrote in support of Mr Thiel's citizenship bid.

Long-lost continent found submerged deep under Indian Ocean
Tiny zircon crystals coughed up by volcanic eruptions on the island of Mauritius are around 2.5 billion to 3 billion years old. By studying the minerals on the island Mauritius they found that something was amiss with its age.

Trump to Mexico leader: Pay for wall or meeting is off
On Thursday, the initial suggestion was that the wall could be funded through a 20 percent tax on imports from Mexico - a tariff. But if everything goes according to Trump's plan, one thing Texas will soon have to show, is a bigger and broader border wall.

Boeing outlook brightens after earnings jump
Canada's Bombardier and Russian Federation and China are in various stages of delivering similar-sized, single-aisle jetliners. To recoup those losses, Boeing will need to drive its cash profit margin for 787 deliveries much higher in the next few years.

Pittsburgh-area gas prices down in past week
That's the third consecutive weekly decline, but compared with the same day a year ago , prices are 46.1 cents a gallon higher. But there could be an uptick next month as refineries begin their maintenance season and thus lower their output of gasoline.

Farage branded a liar in European Parliament as he defends Trump
The former Ukip leader has been vocal in his support for the 45th President, even sporting a little Trump badge on his lapel. Trump's travel ban, which temporarily bars nationals from seven countries with Muslim majorities from traveling to the U.S.

United Nations urges Trump to keep door open for refugees
Refugees are settled in the United States after lengthy, stringent security screenings that can take up to two years. The executive order will prevent refugees from escaping some of most violent regimes in the world.

Johnnie Walker maker Diageo toasts £460m boost from weak pound
Diageo , the world's largest distilled drinks company, reported a 4.4 per cent rise in sales for the half-year to December 31st. While this report doesn't equal the 10% gains in this market earlier in 2016, it signifies sustained growth.

Middlesbrough goalkeeper Brad Guzan bound for Major League Soccer
The USA global opened his career in his home country, before moving to England in 2008 for spells with Aston Villa, Hull and Boro. Currently United's roster features two goalkeepers: former Kansas City keeper Alec Kann and Greek keeper Alexandros Tabakis.