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Facebook Beats Analysts' Estimates - Revenue Surges 53%

February 2, 2017

Facebook reported financial results for the fourth quarter and full year ended December 31, 2016.

The social media firm delivered EPS of $1.41 per share vs. $1.31 per share that investors expected. On the revenue side, Facebook chalked up $8.81 billion vs. $8.51 billion that was expected.

"Our mission to connect the world is more important now than ever," said Mark Zuckerberg, Facebook founder and CEO. "Our business did well in 2016, but we have a lot of work ahead to help bring people together."

Full Year 2016 Operational Highlights

Daily active users (DAUs) DAUs were 1.23 billion on average for December 2016, an increase of 18% year-over-year.

Mobile DAUs Mobile DAUs were 1.15 billion on average for December 2016, an increase of 23% year-over-year.

Monthly active users (MAUs) MAUs were 1.86 billion as of December 31, 2016, an increase of 17% year-over-year.

Mobile MAUs Mobile MAUs were 1.74 billion as of December 31, 2016, an increase of 21% year-over-year.

Fourth Quarter and Full Year 2016 Other Financial Highlights Mobile advertising revenue Mobile advertising revenue represented approximately 84% of advertising revenue for the fourth quarter of 2016, up from approximately 80% of advertising revenue in the fourth quarter of 2015.

Capital expenditures Capital expenditures for the full year 2016 were $4.49 billion.

Cash and cash equivalents and marketable securities Cash and cash equivalents and marketable securities were $29.45 billion at the end of the fourth quarter of 2016.

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