The California-based Internet titan said that revenue in the final quarter of last year hit $3.85 billion as the number of active monthly users increased 13 percent to 1.39 billion.
"We got a lot done in 2014," said Facebook co-founder and chief executive Mark Zuckerberg.
"Our community continues to grow and we re making progress towards connecting the world."
A strong showing in ads served up on smartphones or tablet computers helped Facebook earnings beat analyst forecasts.
Shares sank slightly more than a percent to $75.40 in after-market trades that followed release of the figures.
Facebook saw its first quarter of taking in more than $3 billion overall from ads, with about two-thirds of that coming from mobile advertising revenue which soared 69 percent from the same period a year earlier.
An average of 745 million Facebook members daily used mobile devices to visit the social network in December of last year, the company reported.
Facebook said that its properties Instagram, Messenger and WhatsApp recently topped 300 million, 500 million, and 700 million monthly active users respectively.
The net profit including dividends paid to preferred shareholders was $701 million in the fourth quarter.
For the full year, Facebook s profit nearly doubled to $2.9 billion and revenue jumped 58 percent to $12.8 billion.
Investors may be concerned by an 87 percent jump in costs and expenses to $2.72 billion at Facebook that shrank the social networks profit margin to 29 percent from 44 percent in the same period a year earlier.
Facebook s growth has helped it become a major player in online advertising. According to the research firm eMarketer, Facebook accounted for a 7.75 percent share of all global digital ad revenues last year, an increase from 5.75 percent in 2013. That compares with 31 percent for Google.
In mobile, Facebook s share was 18.4 percent in 2014, the research firm said.
Zuckerberg in prior earnings calls has laid out a long-term vision for Facebook that includes pouring resources into technology such as virtual reality and ways for Internet service to reach more people in developing countries.
Facebook said Monday it is testing a lightweight version of its mobile app for mobile phones with poor-quality Internet connections in emerging markets.
A spokesman told that the "Facebook Lite" Android app is designed "for people on 2G (second-generation) connections or in areas of limited Internet accessibility."
Most of Facebook s growth is coming from emerging markets, but many people lack the phones or computers needed for the full-featured app.
The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.
KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on June 4, 2023 (Sunday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||375.5||380|
|Hong Kong Dollar||HKD||36.39||36.74|
|New Zealand Dollar||NZD||173.16||175.16|
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 230,800 on Sunday. The price of 10 grams of 24k gold was recorded at Rs197,190.
Likewise, 10 grams of 22k gold were being traded for Rs180,756 while a single tola of 22-karat gold was being sold at Rs 210,832.
Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.
|Lahore||PKR 230,800||PKR 2125|
|Karachi||PKR 230,800||PKR 2125|
|Islamabad||PKR 230,800||PKR 2125|
|Peshawar||PKR 230,800||PKR 2125|
|Quetta||PKR 230,800||PKR 2125|
|Sialkot||PKR 230,800||PKR 2125|
|Attock||PKR 230,800||PKR 2125|
|Gujranwala||PKR 230,800||PKR 2125|
|Jehlum||PKR 230,800||PKR 2125|
|Multan||PKR 230,800||PKR 2125|
|Bahawalpur||PKR 230,800||PKR 2125|
|Gujrat||PKR 230,800||PKR 2125|
|Nawabshah||PKR 230,800||PKR 2125|
|Chakwal||PKR 230,800||PKR 2125|
|Hyderabad||PKR 230,800||PKR 2125|
|Nowshehra||PKR 230,800||PKR 2125|
|Sargodha||PKR 232,500||PKR 2125|
|Faisalabad||PKR 232,500||PKR 2125|
|Mirpur||PKR 232,500||PKR 2125|
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