- Dec 5, 2015
- Reaction score
- Political Leaning
Facebook posted strong financial numbers for its fourth quarter Wednesday, beating on earnings and revenue and sending shares up more than 7 percent in extended trading. Active user metrics continue to rise, though slowly.
Here's how the company did compared with what Wall Street predicted:
Earnings: $2.38 per share, vs. $2.19 forecast by Refinitiv consensus estimates
Revenue: $16.91 billion, vs. $16.39 billion forecast by Refinitiv consensus estimates
Daily active users: 1.52 billion, vs. 1.52 billion forecast by Refinitiv consensus estimates
Monthly active users: 2.32 billion, vs. 2.32 billion forecast by Refinitiv consensus estimates
Average revenue per user: $7.37, vs. $7.11 forecast by FactSet estimates
All signs point to a strong financial quarter for Facebook, despite growing public outrage over the company's privacy practices.
If Facebook merges WhatsApp, Instagram and Facebook Messenger, like they plan to do, it will be nearly impossible to break them up. A real power house. The companies demise has been greatly exaggerated.