Facebook, Inc. (Nasdaq: FB) on January 29 reported financial results for the quarter and full-year ended December 31, 2019.

“We had a good quarter and a strong end to the year as our community and business continue to grow,” said Mark Zuckerberg, Facebook founder and CEO. “We remain focused on building services that help people stay connected to those they care about.”

Fourth Quarter and Full Year 2019 Financial Highlights

Three Months Ended December 31,

Year-over-Year %
Change

Year Ended December 31,

Year-over-Year %
Change

In millions, except percentages and per share amounts

2019

2018

2019

2018

Revenue:

Advertising

$

20,736

$

16,640

25

%

$

69,655

$

55,013

27

%

Other

346

274

26

%

1,042

825

26

%

Total revenue

21,082

16,914

25

%

70,697

55,838

27

%

Total costs and expenses

12,224

9,094

34

%

46,711

30,925

51

%

Income from operations

$

8,858

$

7,820

13

%

$

23,986

$

24,913

(4)

%

Operating margin

42

%

46

%

34

%

45

%

Provision for income taxes

$

1,820

$

1,089

67

%

$

6,327

$

3,249

95

%

Effective tax rate

20

%

14

%

25

%

13

%

Net income

$

7,349

$

6,882

7

%

$

18,485

$

22,112

(16)

%

Diluted earnings per share (EPS)

$

2.56

$

2.38

8

%

$

6.43

$

7.57

(15)

%

Fourth Quarter and Full Year 2019 Operational and Other Financial Highlights

  • Facebook daily active users (DAUs) – DAUs were 1.66 billion on average for December 2019, an increase of 9% year-over-year.
  • Facebook monthly active users (MAUs) – MAUs were 2.50 billion as of December 31, 2019, an increase of 8% year-over-year.
  • Family daily active people (DAP) – DAP was 2.26 billion on average for December 2019, an increase of 11% year-over-year.
  • Family monthly active people (MAP) – MAP was 2.89 billion as of December 31, 2019, an increase of 9% year-over-year.
  • Capital expenditures – Capital expenditures, including principal payments on finance leases, were $4.24 billion and $15.65 billion for the fourth quarter and full year 2019, respectively.
  • Cash and cash equivalents and marketable securities – Cash and cash equivalents and marketable securities were $54.86 billion as of December 31, 2019.
  • Headcount – Headcount was 44,942 as of December 31, 2019, an increase of 26% year-over-year.

Our Family metrics represent our estimates of the underlying number of unique people using one or more of Facebook, Instagram, Messenger, and/or WhatsApp (collectively, our “Family” of products). We define a DAP as a registered and logged-in user of one or more Family products who visited at least one of these products through a mobile device application or using a web or mobile browser on a given day. We define a MAP as a registered and logged-in user of one or more Family products who visited at least one of these products through a mobile device application or using a web or mobile browser in the last 30 days as of the date of measurement.

Webcast and Conference Call Information

Facebook will host a conference call to discuss the results at 2 p.m. PT / 5 p.m. ET today. The live webcast of Facebook’s earnings conference call can be accessed at investor.fb.com, along with the earnings press release, financial tables, and slide presentation. Facebook uses the investor.fb.com and newsroom.fb.com websites as well as Mark Zuckerberg’s Facebook Page (https://www.facebook.com/zuck) as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.

Following the call, a replay will be available at the same website. A telephonic replay will be available for one week following the conference call at +1 (404) 537-3406 or +1 (855) 859-2056, conference ID 1262637.

Transcripts of conference calls with publishing equity research analysts held today will also be posted to the investor.fb.com website.

About Facebook

Founded in 2004, Facebook’s mission is to give people the power to build community and bring the world closer together. People use Facebook’s apps and technologies to connect with friends and family, find communities and grow businesses.

Source – https://investor.fb.com/investor-news/press-release-details/2020/Facebook-Reports-Fourth-Quarter-and-Full-Year-2019-Results/default.aspx