Facebook hits all-time high after rocking quarter

Steven Loeb · January 30, 2014 · Short URL: https://vator.tv/n/34b2

Stock is now trading over $60 for the first time ever

Shares of Facebook are absolutely soaring on Thursday, after the company handily beat Wall Street expectations in its quarterly earnings report on Wednesday.

The stock ended trading at $61.08, up 14.10% or $7.556 a share. This is the first time the stock end trading above the $60 mark.

The company is riding high on the strength of its mobile advertising, which represented over 50% of all of Facebook's advertising revenue for the first time. The last quarter was also the first time that mobile advertising crossed $1 billion for the first time as well.

Advertising revenue was $2.34 billion for the quarter. It increased 76% from the same quarter the year before.  Mobile accounted for 53% of that revenue, up from approximately 23% of advertising revenue in the fourth quarter of 2012.

Even more impressive: the $1.25 in mobile advertising was nearly as large as the company's total ad revenue in the fourth quarter of 2012.

In the earnings report, Facebook posted revenue of $2.59 billion for the quarter, beating Wall Street's estimates of $2.33 billion, and up 55% from $1.6 billion in the fourth quarter of 2012. Adjusted earnings per share came in at 31 cents in the quarter, higher than the 27 cents a share that analysts had been expecting.

For the full year 2013, Facebook saw revenue of $7.9 billion, and EPS of 88 cents. 

"It was a great end to the year for Facebook," Mark Zuckerberg, Facebook founder and CEO, said in a statement. "We're looking forward to our next decade and to helping connect the rest of the world."

Advertising revenue was $2.34 billion for the quarter. It increased 76% from the same quarter the year before.  Mobile accounted for 53% of that revenue, up from approximately 23% of advertising revenue in the fourth quarter of 2012.

Revenue from payments and fees for the quarter was $241 million.

GAAP net income was $523 million, compared to a net income of $64 million for the fourth quarter of 2012, while non-GAAP net income for the quarter was $780 million, up 83% compared to $426 million for the fourth quarter of 2012.

For the full year, monthly active users (MAUs) were 1.23 billion as of December 31, 2013 , an increase of 16% year-over-year, while mobile MAUs were 945 million, an increase of 39% year-over-year.

Daily active users (DAUs) were 757 million on average, an increase of 22% year-over-year, while mobile DAUs were 556 million on average, an increase of 49%.

(Image source: https://www.happyologist.co.uk)

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