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 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
Eurozone GDP growth beats expectations as inflation edges up and unemployment falls
While here at home, the seasonally adjusted unemployment rate for January was 7.1%, down from 7.2% in December 2016. Although it was slightly down from the previous year's two per cent, the figure beat forecasts of 1.6 per cent.
Feb 01 2017
Trump's Controversial Education Pick Betsy DeVos Barely Clears Senate Hurdle
She also said that Democrats haven't been given time to ask follow-up questions and that some of her responses may be inadequate. Media reports indicate it's unlikely an attempt to block DeVos' appointment would be successful. "I haven't heard otherwise".
Feb 01 2017
Nintendo Officially Ends Wii U Production in Japan
Nintendo is assuming exchange rates of 110 yen to the dollar and 120 yen to the euro, compared with 100 and 115 before. The argument then goes to the stocks of Nintendo and what decisions should be made to keep the business going.
Jan 31 2017
The ACLU Raised $10 Million Since Saturday
Brandon Friedman, a former Obama administration official who commanded a platoon during the invasion of Iraq, said Mr. The founders of ride-share company Lyft also said they would donate $1 million to the ACLU over the next four years .
Jan 31 2017
At State Department, 'Dissent Channel' In High Gear With Refugee Ban Protests
Once a memo is filed in the State Department's dissent channel , staff must acknowledge they have received it within two days. But many in the State Department want to be on record expressing their disagreement with the Trump White House's actions.
Jan 30 2017
Bafta-winning Amour star Emmanuelle Riva dies aged 89
Riva was born on February 24, 1927 in rural France and made her way to Paris at 19 to the dismay of her working-class family. Her nod for an Academy Award aged 85 meant she became the oldest ever Best Actress Oscar nominee.
Jan 28 2017
'Today' Show Shakeup: NBC Eyes Third Hour for Megyn Kelly
As for Hall, 46, who has been a host on Today since February 2014, her future with the show is less certain. So, that means Al and Tamron's " Today's Take " hour will be cut.
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Jan 31 2017American basketball players reportedly stranded amid travel bans
Jan 31 2017Airlines Offer Full Refund in Wake of Travel Ban
Jan 29 2017Nigerians lose bid to sue oil giant Shell
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Feb 01 2017Australia, US agree to deal exempting Australian citizens from travel ban
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Jan 31 2017Virginia Gov. Terry McAuliffe speaks about Pres. Donald Trump's ban on immigrants
Jan 31 2017Almost 200 in downtown Tulsa for pipeline protest
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Jan 29 2017New Allegations: Paula Patton & Robin Thicke's Restraining Orders & Custody Battle
Jan 29 2017Turkey may cancel Greece migration deal in extradition row
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