Facebook Reports 51% Expense Pop
January 30, 2020
Facebook reported financial results for the quarter and full year ended December 31, 2019. The firm had earnings (EPS) of $2.56 with $2.53 per share expected. On the revenue side, Facebook reported $21.08 billion with only $20.89 billion forecast.
Facebook’s full-year 2019 expenses were reported at $46.71 billion,
which was up 51%.
Facebook’s full-year 2019 expenses were reported at $46.71 billion, which was up 51%.
"We had a good quarter and a strong end to the year as our community and business continue to grow," said Mark Zuckerberg, Facebook founder and CEO. "We remain focused on building services that help people stay connected to those they care about."
Fourth Quarter and Full Year 2019 Operational and Other Financial
Facebook monthly active users (MAUs) – MAUs were 2.50 billion as of December 31, 2019, an increase of 8% year-over-year. 2.5 billion forecast
Family monthly active people (MAP) – MAP was 2.89 billion as of December 31, 2019, an increase of 9% year-over-year.
Capital expenditures – Capital expenditures, including principal payments on finance leases, were $4.24 billion and $15.65 billion for the fourth quarter and full year 2019, respectively.
Cash and cash equivalents and marketable securities – Cash and cash equivalents and marketable securities were $54.86 billion as of December 31, 2019.
Headcount – Headcount was 44,942 as of December 31, 2019, an increase of 26% year-over-year.