Arab Today, arab today facebook shares leap with profit jump
Last Updated : GMT 07:08:14
Arab Today, arab today
Arab Today, arab today

Facebook shares leap with profit jump

Arab Today, arab today

Arab Today, arab today Facebook shares leap with profit jump

San Francisco - AFP

Facebook said Wednesday that profit soared in 2013 on the back of sizzling mobile ad revenue as the social network's membership swelled. The world's biggest social network reported that profit in the fourth quarter jumped eightfold from a year earlier to $523 million, raising its net income for the year to $1.5 billion. Revenues in the past quarter rose to $2.58 billion and $7.87 billion for the year. Facebook shares rallied more than 12 percent in after-hours trading to a new high of $60.05 after release of the earnings figures. "It was a great end to the year for Facebook," said Facebook founder and chief executive Mark Zuckerberg. "We're looking forward to our next decade, and to helping connect the rest of the world." The Menlo Park, California-based company will mark its 10th birthday on February 4. Facebook said the number of monthly active users rose 16 percent from a year ago to 1.23 billion, with 945 million using mobile devices. Revenue from advertising surged to $2.34 billion in the quarter, up 76 percent over the past year. Mobile advertising revenue represented some 53 percent of that, an increase from 23 percent in the fourth quarter of 2012. The surge in revenue from members accessing Facebook from smartphones or tablet computers served as a validation of sorts for Zuckerberg and his team. Facebook made a dismal stock market debut in May of 2012, with shares plunging due to fears the social network wouldn't be able to make money from members shunning desktop computers for mobile devices. Since then, however, Facebook has lifted its profits, and boosted the mobile segment of ad revenues. A recent Pew Research Center survey found 73 percent of Americans over age 18 on the Internet use at least one social network -- or about 63 percent of the total adult population. Facebook is the preferred network, used by 71 percent of online adults, or 57 percent of all American adults, according to Pew researchers. "Facebook once again grew not just its total number of users, but the percentage of those users who visit the site each day," said Forrester analyst Nate Elliott. "That's an impressive feat for a site of this size, and an important statement about the health of its user base." Zuckerberg and other Facebook executives sidestepped a question on an earnings call with analysts about whether the social network was seeing a drop in use by teenagers. Some analysts have expressed fears that young people are succumbing to "Facebook fatigue" and scaling back use, if not dropping out all together. "We don't believe young users are fleeing the site, and it appears that Facebook still dominates young people's social usage, but the company's silence on the matter won't have calmed any nerves," Elliott said. And while Facebook touted increased revenue as a sign of happy advertisers, Forrester research indicates they are more satisfied with email and search marketing or even standard online ad banners. "Facebook's growing ad revenues merely indicate that marketers are chasing the site's huge user base, not that the site is delivering the results marketers want," Elliot said.

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 shares leap with profit jump Arab Today, arab today facebook shares leap with profit jump

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives Algerian heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives Algerian heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 06:25 2017 Thursday ,23 February

Bupa Arabia sponsors SMEA forum

GMT 06:11 2017 Thursday ,23 February

Football: Turkish company wins Qatar World Cup contract

GMT 05:46 2017 Thursday ,23 February

SABIC net profits fall in 2016

GMT 21:01 2017 Wednesday ,22 February

Saudi Aramco mulls offering citizens discounted shares

GMT 16:50 2017 Wednesday ,22 February

Yahoo salvages Verizon deal
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
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