Question Details

Will Facebook's revenue beat $2 Billion again in Q4/2013?

Will Facebook's revenue beat $2 Billion again in Q4/2013?

Asked by: Super Userkruijs in Business » Results
Settled on 01/30/2014 07:50 Settled by Super Userkruijs
Winning option:Yes The social network co-founded by Mark Zuckerberg, which turns 10 next week, announced it brought in revenues of $2.59bn for the three months ending 31 December, up 63% from the same time last year. Earnings per share were 31 cents. For all of 2013, Facebook had revenues of $7.87bn, an increase of 55% year-over-year. The company made a profit of $1.5bn for the year.

http://www.theguardian.com/technology/2014/jan/29/facebook-record-quarterly-results

Predictions

Yes
Yes
No
No

Background

Facebook's 60% jump in revenues may put to rest any nagging doubts investors have had about the giant social network's ability to sell mobile ads.

Advertising on mobile devices accounted for nearly half of Facebook's third quarter ad revenue as the company blew past Wall Street earnings forecasts. It was the second straight quarter that Facebook beat estimates. Last quarter, Facebook reported that 41% of its ad revenue came from mobile devices.

The number of people using Facebook on their smartphones also soared, Facebook said when it reported earnings after the closing bell on Wednesday.

Facebook earned $425 million, or 17 cents a share, in the third quarter. That's up from a loss of $59 million, or 2 cents a share, in the year-ago quarter.

Excluding certain expenses, chiefly related to stock compensation, Facebook earned $621 million, or 25 cents a share, up from $311 million a year ago.

Revenue climbed to $2.02 billion from $1.26 billion. Analysts, on average, were expecting revenue of $1.91 billion.

http://www.latimes.com/business/la-fi-facebook-earnings-20131031,0,363386.story

Find similar: facebook, 2013

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