Facebook, Inc. (NASDAQ: FB) released its most recent quarterly results after the closing bell on Wednesday. The social media giant said that it had $3.88 in earnings per share (EPS) on $28.07 billion in revenue. Analysts were calling for $3.22 in EPS and $26.43 billion in revenue. The fourth quarter from last year had $2.56 in EPS and $21.08 billion in revenue.
During the quarter, daily active users totaled 1.84 billion on average for December 2020, an increase of 11% year over year. At the same time, monthly active users increased by 12% to 2.80 billion.
Family daily active people (DAP) increased 15% year over year to 2.60 billion, while family monthly active people (MAP) increased 14% to 3.30 billion. Note that these “Family” metrics represent estimates of the underlying number of unique people using one or more of Facebook, Instagram, Messenger, and/or WhatsApp.
Mobile advertising revenue represented roughly 98% of advertising revenue for the fourth quarter of 2020, relatively the same level from the fourth quarter last year.
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Facebook did not issue guidance for the first quarter. However, analysts are calling for $2.10 in EPS and $22.39 billion in revenue for the coming quarter.
On the books, cash, cash equivalents, and marketable securities totaled $61.95 billion at the end of the quarter, versus $54.86 billion at the end of the previous fiscal year.
Facebook stock closed Wednesday at $272.14, with a 52-week range of $137.10 to $304.67. Analysts have a consensus price target of $325.50. Following the announcement, the stock was trading relatively flat at $273.05 in the after-hours session.
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