Facebook posts $7.4 billion profit, up 6.78% YoY in Q4 2019, MAUs up 8%


Image result for site:fonearena.com zuckerberg

Facebook has reported a good year for 2019 as it released its Q4 2019 earnings report. The total earnings posted for this quarter was $21082 million which amounts to a YoY growth of about 24.64% from Q4 2018. The net income on the other hand, was reported at $7349 million which calculates to an increase of approx. 6.78% YoY.

Coming to the user statistics, Facebook’s Daily Active Users (DAU) was at 1.66 Billion on average during December 2019 that is a approx. 8.79% increase YoY. The Monthly Average Users at the end of December was reported 2.50 Billion which is an increase of approx. 7.67% YoY. When looking at users in Facebook entire product family that includes Facebook, Instagram, Messenger, and/or WhatsApp, Daily Active People (DAP) was reported at $2.26 billion (11% increase YoY) and Monthly Active People (MAP) was reported at $2.89 billion (9% increase YoY).

The Diluted Earnings Per Share (EPS) saw an increase of approx. 7.56% from $2.38 to $2.56. However, Operating Margins saw a decrease from 46% in Q4 2018 to 42% in Q4 2019. Headcounts as of December 31st, 2019 was reported at 44,942 that represents a growth of 26% YoY.

Commenting on the Q4 earning report, Mark Zuckerberg, Facebook founder and CEO said:

We had a good quarter and a strong end to the year as our community and business continue to grow. We remain focused on building services that help people stay connected to those they care about.

Source 1, 2