FB reports solid results

Investment Analysis Clubs Saul’s Investing Discussions
#1

Hi all,

FB reports solid numbers and good growth:

http://finance.yahoo.com/news/facebook-reports-fourth-quarte…

GAAP income from operations for the fourth quarter of each of 2014 and 2013 was $1.13 billion. Excluding amortization of intangible assets, share-based compensation and related payroll tax expenses, non-GAAP income from operations for the fourth quarter of 2014 was $2.22 billion, up 48% compared to $1.50 billion for the fourth quarter of 2013.

Revenue – Revenue for the fourth quarter of 2014 totaled $3.85 billion, an increase of 49%, compared with $2.59 billion in the fourth quarter of 2013. Excluding the impact of year-over-year changes in foreign exchange rates, revenue would have increased by 53%.

Revenue from advertising was $3.59 billion, a 53% increase from the same quarter last year. Excluding the impact of year-over-year changes in foreign exchange rates, revenue from advertising would have increased by 58%.
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.
Payments and other fees revenue was $257 million, a 7% increase from the same quarter last year.

Anirban.

7 Likes
#2

I added shares after their capital spending announcement. Those ad rev numbers are great.

Monthly active users (MAUs) rose 3% Q/Q and 13% Y/Y to 1.39B, and mobile MAUs 6% Q/Q and 26% Y/Y to 1.19B. Daily active users (890M) were 64% of MAUs, even with Q3.

Full-year free cash flow was $3.63B, soundly exceeding net income of $2.94B. Facebook ended Q4 with $11.2B in cash/marketable securities, and no debt.

cautiousone

2 Likes
#3

Yeah, the large caps are killing it! Apple now Facebook. I didn’t see anything on guidance in the earnings release but I didn’t really search hard. Probably being discussed in the earnings call.

I might look to add some shares or sell puts.

Anirban.

#4

Those are excellent numbers. Perhaps time to add on a pull back.

#5

I found this article very interesting. I learned about how millennials use YouTube. It’s about YouTube content that FB is allowing to be uploaded. Perhaps as GOOGL will cut them off before they’ve created their own legitimate system and the stock will pull back.

http://tinyurl.com/k4hlbol

cautiousone