Feb 03 2017
Facebook's latest earnings report has managed to outperform both last year's results and the expectations of analysts as the company closes in on two billion monthly users.
For the quarter ending December 2016, the company reported a profit of $3.57bn (£2.82bn), more than double the $1.56bn reported a year ago.
Facebook pocketed US$27.6 billion in total revenue in 2016 on the back of its booming advertising business, up 54 per cent from the year earlier. Facebook reported 84 percent of its total ad revenue came from mobile. And 1.74 billion of Facebook's 1.86 billion monthly active users were on mobile devices for at least some of their visits. That said, Facebook's user growth is slowing down in the US and Canada as the company only added 2 million daily and monthly users in their fourth quarter.
Facebook stock price jumped 2.9 percent to $137.07 in after-hours trading following the release of the earnings report, after finishing the day at $133.23 per share. Observers should recall that analysts have predicted that the social media company could rake in as much as $8.5 billion and no more.
Interestingly, Facebook sees most of its growth outside of the US these days. This brought in an operating income of $12.43bn - a 100 per cent increase from $6.23bn in 2015. Facebook has announced plans to invest in original and licensed video and to add ads in between its livestreamed content. "We've launched our new camera in Messenger and have started rolling it out in Facebook as well".
Facebook's core network contributed most of its earnings, though the company also boasts huge user numbers on messaging service WhatsApp and photo-sharing platform Instagram, where it has introduced more and more features that closely resemble those available on rival social media app Snapchat. Wehner said this will continue to be an "aggressive investment year", with expenses likely to rise by 40 percent to 50 percent and hiring to grow more than last year's 34 percent growth rate.
"I like it because I can connect with all my family overseas and it easy connected with people through your whole entire life", she said.
However, many analysts have raised concerns about Facebook's ability to meet its own targets it sets every quarter.
Capital expenditures - Capital expenditures for the full year 2016 were $4.49 billion.
For now, Facebook's ability to simultaneously grow users and revenue is impressive.
Feb 03 2017
Join WQAD News 8 and go RED this Friday!
News anchors, local personalities, companies and corporations are supporting the day by wearing red , the Heart Association said. Fortunately, that can be changed because 80% of cardiac and stroke events may be prevented with education and action.
Feb 02 2017
Final Fantasy XV Director Talks VR and Potential PC Port
Performance hiccups made traveling the world, a major element of the game's design, much less enjoyable than it could have been. Paul Chapman is the host of The Greatest Movie EVER! Kitase: "We're still brushing up the scenes we showed you in the trailer".
Feb 02 2017
Polish FM calls EC President's letter on Trump 'inappropriate'
His letter comes amid increasing signs that the Trump administration appears to want to undermine and divide the EU. Prime Minister Joseph Muscat meeting with European Council President Donald Tusk in Malta last month.
Feb 01 2017
Sen. King 'Concerned' by Trump's National Security Council Changes
Bush and a related 2009 memo by President Barack Obama, and argued the relevant passages were virtually the same. In making his point, he presented a related 2001 memo by President George W.
Feb 01 2017
Walmart Just Gave Shoppers a Big Reason to Drop Amazon
U.S. retail giant Walmart has launched a free two-day shipping service to customers' homes and stores, with no membership fee. Only these members can enjoy free two-day shipping without a minimum purchase, but they do pay $99 a month for that privilege.
Feb 01 2017
Korea agree to strengthen defense against N. Korean threat
The two allies previous year announced the plan to deploy the Terminal High Altitude Area Defense (THAAD) system to South Korea. US President Donald Trump has reiterated the country's ironclad commitment to defend South Korea, the White House said.
Jan 31 2017
American basketball players reportedly stranded amid travel bans
Fleisher explained that the two players plan on returning to the USA since they can't return to Iran. Jones and Prince are familiar names to college basketball fans in the United States.
Jan 31 2017
Airlines Offer Full Refund in Wake of Travel Ban
British Airways , for example, said Monday that it is offering affected customers a refund for their planned travels to the U.S. The organisation said as a "matter of principle" it works for the free movement of trade and people across borders.
Jan 30 2017
GM to slash up to 600 jobs in southwestern Ontario, union says
Canadian auto workers are shocked at a General Motors decision to cut 600 jobs at a plant near London, Ontario. GM says it will shift production of the GMC Terrain SUV from a plant in Ingersoll, Ontario, to one in Mexico.
Jan 28 2017
Take a Look at the First Photo of the Samsung Galaxy S8
Also, the report tips that the Samsung Galaxy S8 will have an iris recognition feature that was earlier seen in the Galaxy Note 7. Of course, resolution is just a part of the equation, and we don't know if Samsung is making other improvements to the hardware.
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