Facebook Inc 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.
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.
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