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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%.

"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 Highlights

Facebook daily active users (DAUs) – DAUs were 1.66 billion on average for December 2019, an increase of 9% year-over-year. 1.65 billion forecast

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 daily active people (DAP) – DAP was 2.26 billion on average for December 2019, an increase of 11% year-over-year.

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.

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