Facebook Easily Beats Expectations

January 30, 2019

Facebook reported financial results for the quarter and full year ended December 31, 2018

The firm has earnings of $2.38 per share with $2.19 expected. Facebook noted revenue of $16.91 billion with $16.39 billion forecast.

The social network's number of Daily active users and Monthly active users was in line with expectations. The average revenue per user was $7.37 with only $7.11 expected.

Fourth Quarter and Full Year 2018 Operational and Other Financial Highlights

  • Daily active users (DAUs) DAUs were 1.52 billion on average for December 2018, an increase of 9% year-over-year.
  • Monthly active users (MAUs) MAUs were 2.32 billion as of December 31, 2018, an increase of 9% year-over-year.
  • Mobile advertising revenue Mobile advertising revenue represented approximately 93% of advertising revenue for the fourth quarter of 2018, up from approximately 89% of advertising revenue in the fourth quarter of 2017.
  • Capital expenditures Capital expenditures were $4.37 billion and $13.92 billion for the fourth quarter and full year 2018, respectively.
  • Cash and cash equivalents and marketable securities Cash and cash equivalents and marketable securities were $41.11 billion at the end of the fourth quarter of 2018.
  • Headcount Headcount was 35,587 as of December 31, 2018, an increase of 42% year-over-year.

Around 2.7 billion people now use Facebook, Instagram, WhatsApp, or Messenger each month, and more than 2 billion people use at least one of their services every day on average.

"Our community and business continue to grow," said Mark Zuckerberg, Facebook founder and CEO. "We've fundamentally changed how we run our company to focus on the biggest social issues, and we're investing more to build new and inspiring ways for people to connect."

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