Facebook beats by $0.06, beats on revs
Reports Q4 (Dec) earnings of $0.54 per share, $0.06 better than the Capital IQ Consensus Estimate of $0.48; revenues rose 49.0% year/year to $3.85 bln vs the $3.78 bln consensus.
Free cash flow for the full year 2014 was $3.63 billion.
* Key Metrics
Daily active users (DAUs) were 890 million (Briefing.com consensus 890 mln) on average for December 2014, an increase of 18% year-over-year. Mobile DAUs were 745 million on average for December 2014, an increase of 34% year-over-year.
Monthly active users (MAUs) were 1.39 billion (Briefing.com consensus 1.394 bln) as of December 31, 2014, an increase of 13% year-over-year. Mobile MAUs were 1.19 billion as of December 31, 2014, an increase of 26% year-over-year.
* Revenues
Revenue from advertising was $3.59 billion, a 53% increase from the same quarter last year.
Mobile advertising revenue represented approximately 69% of advertising revenue for the fourth quarter of 2014, up from approximately 53% of advertising revenue in the fourth quarter of 2013.
* Expenses and Margins
Costs and expenses -- Excluding amortization of intangible assets, share-based compensation and related payroll tax expenses, non-GAAP costs and expenses were $1.63 billion in the fourth quarter of 2014, up 50% compared to $1.09 billion for the fourth quarter of 2013.
non-GAAP operating margin was 58% for the fourth quarter of each of 2014 and 2013.