Facebook Reports Fourth Quarter and Full Year 2015 Results

 
MENLO PARK, Calif. – January 27, 2016 – Facebook, Inc. (NASDAQ: FB) today 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."

Fourth Quarter and Full Year 2015 Financial Summary    
 
Three Months Ended December 31,
 
Year Ended December 31,
In millions, except percentages and per share amounts
2015
 
2014
 
2015
 
2014
Revenue
$
5,841

 
$
3,851

 
$
17,928

 
$
12,466

Income from Operations
 
 
 
 
 
 
 
   GAAP
$
2,560

 
$
1,133

 
$
6,225

 
$
4,994

   Non-GAAP*
$
3,523

 
$
2,219

 
$
10,001

 
$
7,207

Operating Margin
 
 
 
 
 
 
 
   GAAP
44
%
 
29
%
 
35
%
 
40
%
   Non-GAAP*
60
%
 
58
%
 
56
%
 
58
%
Net Income
 
 
 
 
 
 
 
   GAAP
$
1,562

 
$
701

 
$
3,688

 
$
2,940

   Non-GAAP*
$
2,265

 
$
1,518

 
$
6,518

 
$
4,713

Diluted Earnings per Share (EPS)
 
 
 
 
 
 
 
   GAAP
$
0.54

 
$
0.25

 
$
1.29

 
$
1.10

   Non-GAAP*
$
0.79

 
$
0.54

 
$
2.28

 
$
1.77

*
Non-GAAP financial measures exclude amortization of intangible assets, share-based compensation and related payroll tax expenses. Non-GAAP net income and EPS also exclude the income tax effects of these non-GAAP adjustments. See the table below titled "Reconciliation of Non-GAAP Results to Nearest GAAP Measures."

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.

1


The following information was filed by Facebook Inc (FB) on Wednesday, January 27, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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