They were also expecting adjusted earnings of $1.31 per share. The same period from a year ago had $0.79 in EPS and $5.84 billion in revenue. Facebook said mobile advertising revenue comprised about 84% of total advertising revenue for the fourth quarter, up from 80% of total advertising revenue in same period a year ago.
GAAP earnings per share rose 124% year over year to $1.21 per share, while net income rose to $3.6 billion from $1.6 billion in the same quarter a year before. Profit reached $3.568 billion with revenue growth at 177% YoY, compared to $2.379 billion last quarter.
Facebook showed once again how it has become one of the world's biggest media companies.
Facebook is expected to generate about $29.71 billion in mobile ad revenue in 2017, according to research firm eMarketer, up about 35.2 percent from 2016.
"Our business did well in 2016, but we have a lot of work ahead to help bring people together", Mark Zuckerberg, Facebook's CEO and cofounder, said in a statement. $4.55 billion of total revenues came from the USA and Canada, $2.06 billion from Europe, $1.34 billion from Asia Pacific, and $839 million from the rest of the world. That's a major increase from the same period a year earlier, when mobile ads accounted for 77% of the company's revenue.
Will Trump add Saudi Arabia and Egypt to his Muslim ban?
Relations suffered briefly after 15 Saudi nationals took part in the September 11, 2001, attacks on NY and Washington . Trump will also talk to the acting president of South Korea, Hwang Kyo-Ahn, the White House said on Saturday.
"We had a very strong quarter topping off a strong year", Facebook COO Sheryl Sandberg said in a phone call after the release.
Monthly active users (MAUs) were 1.86 billion as of December 31, 2016, up 17% from December 2015.
Facebookreported fourth-quarter earnings on Wednesday.
Shares of Facebook closed Wednesday up 2.2% at $133.23, with a consensus analyst price target of $ and a 52-week trading range of $ to $. That knocked the stock down 9 percent in the hours immediately after the report.
Despite ongoing concerns that Facebook could be losing ground to newer rivals such as Snapchat, it appears to keeping people coming.
The two leaders declared that their alliance is aimed "to defeat the politics of anger and divisiveness" of the opposition BJP. Most meetings attended by her have been at 12, Tughlak Road, the official residence of party vice-president Rahul Gandhi.
Brent crude, used to price global oils, slid 72 cents, or 1.3 percent, to close at $55.52 a barrel in London. The national average is 46.2 cents per gallon higher than the same time a year ago , GasBuddy said.
It's tempting to go straight for Overs here, as it's trading at a big-looking [2.12] and Liverpool have a reputation for goals. Chelsea have been very fortunate with injuries all season, and Conte has all of his key names available.
A woman diagnosed with cystic fibrosis had her lungs removed for six days while waiting for lung transplant. Before she received the transplant, Melissa Benoit said she felt like she was breathing through a straw.
Mr Lees-Galloway is also criticising the timing of the release of the documents about how Mr Thiel was granted citizenship. "Mr. The documents said that Thiel demonstrated his philanthropic side by donating NZ$1m to the Christchurch quake relief fund.
An American special operations service member has died from injuries sustained during a raid against militants in Yemen. The official said more than 50 people were killed in the early morning raid, including eight women and eight children.
Tesla says it is working with its supplier to improve the headlights, and IIHS will evaluate the new ones when they are available. This year, more than three dozen vehicles received Top Safety Pick+ from the Insurance Institute for Highway Safety.
The winger signed a new £125,000-a-week five-year contract in February last year, and appeared to be happy in East London. But former Hammers defender Ferdinand has blasted the actions of Payet and his advisers.
Tech vs Trump in immigration battle
Amazon and Expedia have submitted declarations in a federal court in Washington, claiming that a recent immigration order by U.S. Amazon is one of many tech giants scrambling to protect its employees in the wake of Trump's executive order.
A Bobcat Escaped Her Enclosure At The National Zoo
A bobcat has gone missing after apparently escaping its enclosure at the Smithsonian's National Zoo, the zoo said Monday. Saffoe said Ollie is equipped to survive and that bobcats sometimes catch birds that land in their enclosure.
Karren Brady makes West Ham fans promise after Payet saga
Payet, 29, has scored eight goals in 32 games for France, featuring in the Euro 2016 final which they lost to Portugal. It is understood the France global will take a £25,000 wage cut from his £125,000-a-week salary following the switch.
New NASA exhibit honors Apollo 1 crew lost in tragic accident
The 14 lost shuttle astronauts also were recognized Thursday, along with seven other USA astronauts killed in plane crashes. Though the astronauts fought to get the door open, they were overcome by the smoke and fume, dying inside the aircraft.