Feeds

Facebook's dying? HA! Get ready for another DECADE of us – Zuck

Money machine spits out $1.5bn net income for the year

SANS - Survey on application security programs

Facebook raked in revenues of $7.87bn in 2013, up 55 per cent on the previous year, according to company filings published today.

The social network's latest finance reports show that in the final quarter of 2013 alone, sales climbed 63 per cent year-on-year to top out at $2.59bn.

On the 12 months to December 31, 2013, and after costs were factored in, Facebook took home a net income of $1.5bn, up from $53m in 2012: that seems like an incredible turnaround, but the social network took a $1.5bn hit in IPO-related expenses in 2012, hence the low figure.

Comparing non-GAAP net income is more sane: in 2013, that figure was $2.2bn for the year, up 67 per cent on 2012's $1.37bn.

"It was a great end to the year for Facebook," said CEO Mark Zuckerberg, who co-founded Facebook in 2004, on the 2013 Q4 sales bonanza. "We're looking forward to our next decade and to helping connect the rest of the world."

The closing three months of 2013 were particularly strong for Facebook as revenues from advertising took a leap over their 2012 levels: serving up ads to social networking users brought Facebook a total of $2.34bn in the last quarter, up 75 per cent on the year.

Of those advertising revenues, an estimated 53 per cent came from mobile ads. By comparison, just 23 per cent of revenues in 2012 were generated by mobile ad sales.

On average, the company estimated that it pulled in some 1.23 billion monthly active users, while 757 million users were active on the site every day. Again on average, 556 million daily users reached the site with mobile devices; 945 million people accessed the site from a handheld each month. That means most active users hit the website from a mobile gadget at least once a month, on average – 76.8 per cent, in fact.

The strong quarter comes in spite of what some pundits see as the impending twilight of Facebook's popularity. A study from Princeton recently suggested that the company would soon face a mass exodus of users. That report was widely panned and Facebook itself essentially filleted the argument with an artfully-crafted retort.

The company, when not batting away concerns over privacy and government surveillance, is becoming something of a star in the server space as it continues to share its engineering gains with the world through the Open Compute Project. The effort has yielded innovative and low-cost systems including a massive Blu-ray based archiving appliance. ®

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.