Media

Why Analysts Are Even More Bullish on Facebook for 2016 and Beyond

courtesy of Facebook Inc.

Facebook Inc. (NASDAQ: FB) posted solid fourth-quarter earnings this past week, which catapulted the stock to a new all-time high. Needless to say, analysts absolutely loved this report. 24/7 Wall St. has highlighted a few of the important points of the report and added in a montage of what analysts were saying following the report.

For the quarter, the social media company posted adjusted diluted earnings per share (EPS) of $0.79 on revenues of $5.84 billion. In the same period a year ago, it reported EPS of $0.54 on revenues of $3.85 billion. Fourth-quarter results also compare to the Thomson Reuters consensus estimates for EPS of $0.68 and $5.37 billion in revenues.

The number of daily active users rose to 1.04 billion in December. and the number of mobile daily active users rose to 934 million. December’s monthly active user total rose 14% to 1.59 billion, and the monthly mobile active user count rose 21% to 1.44 billion.

Mobile advertising revenue represented approximately 80% of advertising revenue for the fourth quarter of 2015, up from 69% of advertising revenue year-ago quarter.


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