Facebook (NASDAQ:FB) is scheduled to report its fourth quarter results on Wednesday, February 1st. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.
FACEBOOK, INC. exceeded analysts' expectations across the board thanks to a huge boom in mobile advertising.
Daily active users (DAUs) - DAUs were 1.23 billion on average for December 2016, an increase of 18% year-over-year. Mobile MAUs reached 1.74 billion, up 21 percent from a year ago, while DAUs were 1.15 billion, up 23 percent. But in the previous quarter, Facebook reported a 55 percent year-over-year growth while Q2 saw a 59 percent annual rise, so growth has been slowing. "Businesses are making shifts to mobile, and they're doing it on Facebook and Instagram". Last week, Google parent Alphabet Inc. reported better-than-expected fourth-quarter sales, and while a profit shortfall disappointed investors initially, analysts said Google's own mobile and video ad growth is accelerating.
Our mission to connect the world is more important now than ever. "We believe that this creates a greater number of stronger relationships between people, and that it helps people get exposed to a greater number of diverse perspectives". $4.55 billion of total revenues came from the US and Canada, $2.06 billion from Europe, $1.34 billion from Asia Pacific, and $839 million from the rest of the world.
As of Wednesday's close, Facebook Inc. shares had increased 16 percent since the beginning of the year, while the Standard & Poor's 500 index has increased nearly 2 percent.
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Overall, the biggest driver in revenue and user growth is on mobile.
Facebook hasn't hit 2 billion users per month, but it's getting pretty damn close.
About 90 percent of Facebook's users access the network through mobile devices.
As expected, there has been no real focus made by Facebook itself on the ongoing fake news trend.