Stock Update (NASDAQ:FB): Facebook Inc Reports Fourth Quarter and Full Year 2015 Results
Facebook Inc (NASDAQ:FB) reported financial results for the fourth quarter and full year ended December 31, 2015.
“2015 was a great year for Facebook. Our community continued to grow and our business is thriving,” said Mark Zuckerberg, Facebook founder and CEO. “We continue to invest in better serving our community, building our business, and connecting the world.”
Full Year 2015 Business Highlights
- Revenue – Revenue for the full year 2015 was $17.93 billion, an increase of 44% year-over-year.
- Income from operations – Income from operations for the full year 2015 was $6.23 billion.
- Net income – Net income for the full year 2015 was $3.69 billion.
- Free cash flow – Free cash flow for the full year 2015 was $6.08 billion.
- Daily active users (DAUs) – DAUs were 1.04 billion on average for December 2015, an increase of 17% year-over-year.
- Mobile DAUs – Mobile DAUs were 934 million on average for December 2015, an increase of 25% year-over-year.
- Monthly active users (MAUs) – MAUs were 1.59 billion as of December 31, 2015, an increase of 14% year-over-year.
- Mobile MAUs – Mobile MAUs were 1.44 billion as of December 31, 2015, an increase of 21% year-over-year.
Fourth Quarter 2015 Other Financial Highlights
- Mobile advertising revenue – Mobile advertising revenue represented approximately 80% of advertising revenue for the fourth quarter of 2015, up from 69% of advertising revenue in the fourth quarter of 2014.
- Capital expenditures – Capital expenditures for the fourth quarter of 2015 were $692 million.
- Cash and cash equivalents and marketable securities – Cash and cash equivalents and marketable securities were $18.43 billion at the end of the fourth quarter of 2015.
- Free cash flow – Free cash flow for the fourth quarter of 2015 was $2.14 billion. (Original Source)
Shares of Facebook are up nearly 5% to $99.30 in after-hours trading. FB has a 1-year high of $110.65 and a 1-year low of $72. The stock’s 50-day moving average is $101.63 and its 200-day moving average is $97.84.
On the ratings front, Facebook has been the subject of a number of recent research reports. In a report released yesterday, Bernstein Research analyst Carlos Kirjner maintained a Hold rating on FB. Separately, on the same day, Morgan Stanley’s Brian Nowak maintained a Buy rating on the stock .
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Carlos Kirjner and Brian Nowak have a total average return of -0.5% and 5.9% respectively. Kirjner has a success rate of 58.3% and is ranked #2158 out of 3607 analysts, while Nowak has a success rate of 59.1% and is ranked #464.
Overall, one research analyst has rated the stock with a Sell rating, 2 research analysts have assigned a Hold rating and 34 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $122.29 which is 25.1% above where the stock opened today.