Arab Today, arab today facebook quarterly profit doubles as user ranks grow
Last Updated : GMT 09:18:07
Arab Today, arab today
Arab Today, arab today

Facebook quarterly profit doubles as user ranks grow

Arab Today, arab today

Arab Today, arab today Facebook quarterly profit doubles as user ranks grow

Facebook reports that its quarterly profit more than doubled to nearly $1.6bn
San Francisco - AFP

Facebook quarterly profit more than doubled as its ranks swelled during the past year to a mammoth user base of nearly 1.6 billion, it said Wednesday.
Our community continued to grow and our business is thriving," said Facebook co-founder and chief executive Mark Zuckerberg in releasing quarterly results for the world's biggest social network which comfortably exceeded expectations.

It reported a profit of $1.56 billion in the final three months of 2015 as compared with making $701 million in the same period a year earlier.

Revenue in the quarter that ended on December 31 rose to $5.84 billion from $3.85 billion the prior year.

The results showed Facebook's growing power in online advertising, especially on mobile devices. Mobile accounted for about 80 percent of the network's ad revenue in the quarter.

Net profit for the full year climbed to $3.7 billion from $2.9 billion in 2014, while revenue jumped to $17.9 billion from $12.5 billion.

"2015 was a great year for Facebook," Zuckerberg said.

"We continue to invest in better serving our community, building our business, and connecting the world."

An average of 1.04 billion people used Facebook daily in December in a 17 percent rise from the same month the prior year.

The number of monthly active users in December was 1.59 billion, in a 14 percent climb from a year earlier, according to the social network.
Facebook shares soared more than 12 percent to $106 in after-market trades that followed release of the earnings figures.

- Ongoing innovation -

California-based Facebook has been relentlessly innovating to keep its social network tuned to Internet-age lifestyles.

The company has been working its way into online commerce, honing ad technology, ramping up video, and even dabbling with building machine smarts in its Messenger smartphone messaging application.

Facebook-owned Oculus this month began taking orders for much-hyped Rift virtual reality head gear, set to begin shipping later this year.

Zuckerberg said during an earnings call that he is happy with pre-orders for Rift, which was priced at $599, but did not disclose specifics.

"It is ultimately going to change the way we communicate and live and work in addition to how we play games," Zuckerberg said of virtual reality.

"I think we are off to a good start."

Also this month, Facebook announced a drive to be a place for sports, with a new online hub for news and sharing on sporting events.

The "Facebook Sports Stadium" will offer live updates of scores, posts from friends and commentators, as well as information on where to watch games live.

Facebook also recently announced an agreement with Nielsen to improve how it measures the social media impact of TV shows, a useful means of assessing the size of an audience.

Nielsen created an indicator called the Nielsen Twitter TV Ratings in 2013 after long being criticized for failing to adapt to the changing ways in which people watch television.

It allowed Nielsen to measure the number of Internet users sending tweets while watching a program, and also the number of people who see those tweets.

Now this tool is being expanded to include Facebook comments.

Industry tracker eMarketer expects Facebook to continue to dominate when it comes to online display advertising.

It expected Facebook to bring in $9.86 billion in US display ad revenue this year, capturing 30.6 percent of the money spent on those types of ads in the country.

"Everything we hear from agencies and marketers is positive," said eMarketer principal analyst Debra Aho Williamson.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today facebook quarterly profit doubles as user ranks grow Arab Today, arab today facebook quarterly profit doubles as user ranks grow

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today facebook quarterly profit doubles as user ranks grow Arab Today, arab today facebook quarterly profit doubles as user ranks grow

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Syrian children die of hunger

GMT 19:25 2017 Sunday ,22 October

Syrian children die of hunger
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday