Wall Street is going crazy for Facebook's Q4 results - here's what the analysts are saying
The social media giant released impressive numbers across the board during the earnings call on Wednesday. Revenue increased beyond expectations, up by 52% year on year to $5.84 billion. Monthly active users went up to 1.59 billion - a 21% increase year on year. And daily active users were up 17% to 1.04 billion.
CEO Mark Zuckerberg said in the earnings call: "Overall Q4 was a strong quarter and a great end to the year ... But it's important to consider not just our business results but also how we're improving the lives of people and communities around the world."
Unsurprisingly, analysts called the results "remarkably strong," "better-than-expected," and "solid." To give more depth, we rounded up the analyst notes that dropped shortly after the earnings call, which also map out predictions for the company for the year ahead.