Facebook beats by $0.04, beats on revs
* Reports Q4 (Dec) earnings of $0.31 per share, $0.04 better than the Capital IQ Consensus Estimate of $0.27; revenues rose 63.1% year/year to $2.59 bln vs the $2.35 bln consensus.
* Daily active users (DAUs) were 757 million on average for December 2013, an increase of 22% year-over-year. Mobile * DAUs were 556 million on average for December 2013, an increase of 49% year-over-year.
* Monthly active users (MAUs) were 1.23 billion as of December 31, 2013, an increase of 16% year-over-year. Mobile MAUs were 945 million as of December 31, 2013, an increase of 39% year-over-year.
* Revenue from advertising was $2.34 billion, a 76% increase from the same quarter last year. Mobile advertising revenue represented approximately 53% of advertising revenue for the fourth quarter of 2013, up from approximately 23% of advertising revenue in the fourth quarter of 2012.
* GAAP costs and expenses for the fourth quarter of 2013 were $1.45 billion, an increase of 37% from the fourth quarter of 2012, driven primarily by increased headcount and infrastructure expense.
* Operating margin: GAAP operating margin was 44% for the fourth quarter of 2013, compared to 33% in the fourth quarter of 2012. Excluding share-based compensation and related payroll tax expenses, non-GAAP operating margin was 56% for the fourth quarter of 2013, compared to 46% for the fourth quarter of 2012.
* Capital expenditures for the fourth quarter of 2013 were $483 million.
* Cash and marketable securities were $11.45 billion at the end of 2013.