Facebook Earnings Post Another Quarter of Monstrous Growth To Finish 2016

By  //  February 5, 2017

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FACEBOOK Net income UP 128 percent

Facebook CEO Mark Zuckerberg has a lot to be happy about these days as Facebook posted another record quarter of earnings.

(THE MOTLEY FOOL) – Facebook (NASDAQ:FB) posted another quarter of monstrous growth on Wednesday, blowing past expectations on every front.

Fourth-quarter revenue increased 51 percent, dwarfing the company’s 29 percent increase in costs and expenses during the same quarter, helping net income rise even faster than revenue as Facebook benefited from operating leverage.

Net income soared 128 percent year over year, translating to $1.21 per share on a generally accepted accounting principles basis (GAAP) or $1.41 on a non-GAAP basis.

Growth in the fourth quarter was driven entirely by the company’s advertising business, which now accounts for 98 percent of total revenue.

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Here’s a look at some of the key takeaways from the fourth-quarter update.

The raw numbers

Metric Q4 2016 Q4 2015 Change (YOY)
Revenue $8.8 billion $5.8 billion 51%
Operating margin 52% 44% 800 basis points
Net income $3.6 billion $1.6 billion 128%
EPS $1.21 $0.54 124%

DATA SOURCE: FACEBOOK FOURTH-QUARTER PRESS RELEASE. TABLE BY AUTHOR. YOY = YEAR OVER YEAR.


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