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Facebook Beats Estimates, Reports $1.59B in Revenue for Q4 2012

by Todd Haselton | January 30, 2013January 30, 2013 1:26 pm PDT

Facebook - Earnings - Money - 001

Facebook, on Wednesday, released its fourth quarter 2012 earnings in which it posted $1.59 billion in revenue for the fourth quarter of 2012, beating Wall Street estimates of $1.53 billion for the quarter. That also represented $0.17 earnings per share, beating estimates of $0.15 per share by a hair. The reported revenue also represented a 40% jump over the same quarter of last year, likely spurred by the company’s efforts to increase profits through advertising and other means.

“In 2012, we connected over a billion people and became a mobile company,” said Mark Zuckerberg, Facebook founder and CEO. “We enter 2013 with good momentum and will continue to invest to achieve our mission and become a stronger, more valuable company.”

The firm noted that highlights include a jump of 14% in mobile revenue, which accounted for 23% of the company’s entire advertising revenue during the quarter, the launch of Graph Search Beta and delivered a new Facebook app for Android 2.0 app.


Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...