Facebook: exceeds consensus in Q4
(CercleFinance.com) - Facebook has announced a Q4 2017 net income that is up 20% at nearly 4.
3 billion dollars, representing 1.44 dollar per share.
Excluding extraordinary items relating to the US tax reform, EPS of 2.21 dollars beat the consensus by 25 cents.
The Social network's revenues jumped 47% to close to 13 billion dollars, primarily comprised of mobile advertising, which represented 89% of the group's advertising revenue. Facebook's operating margin rose by five points to 57%.
The group said its average monthly user base grew 14% y-o-y to 2.13 billion, although the time spent on Facebook dropped by around 50 million hours a day.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
3 billion dollars, representing 1.44 dollar per share.
Excluding extraordinary items relating to the US tax reform, EPS of 2.21 dollars beat the consensus by 25 cents.
The Social network's revenues jumped 47% to close to 13 billion dollars, primarily comprised of mobile advertising, which represented 89% of the group's advertising revenue. Facebook's operating margin rose by five points to 57%.
The group said its average monthly user base grew 14% y-o-y to 2.13 billion, although the time spent on Facebook dropped by around 50 million hours a day.
Copyright (c) 2018 CercleFinance.com. All rights reserved.