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Facebook Inc (NASDAQ:FB) is coming off an excellent fourth quarter report that saw Q4 income climb 83 percent.
The stock is up more than 3 percent after hours, adding a remarkable $1.37 billion in net worth for Mark Zuckerberg who is already off to a great 2017.
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Facebook is quelling fears that the growth story for the company is over. Ad Revenue growth played a big role in the earnings beat, delivering 53 percent growth in the quarter.
Facebook User Metrics
Monthly Active Users (17 Percent YoY Increase)
- Q4 2016: 1.86 billion
- Q4 2015: 1.59 billion
Daily Active Users (18 Percent YoY Increase)
- Q4 2016: 1.23 billion
- Q4 2015: 1.04 billion
Mobile Daily Active Users (23 Percent YoY Increase)
- Q4 2016: 1.15 billion
- Q4 2015: 934 million
"That's just massive earnings growth," Danielle Hughes, CEO of Facebook-shareholder Divine Capital, told CNBC on Wednesday. "Same thing for EPS."
Shares of Facebook were up over 3 percent at $136.37.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.