Facebook registers profit and revenue jump in Q4

New York-Facebook reported a jump of almost 130% in its profit, which came to $3.568 billion in the fourth quarter of last year, well above the $1.56 billion in the same period in 2015.
The company''s revenue rose 51 percent to $8.81 billion in the last quarter, up from $8.51 billion forecast of analysts ears by Thomson Reuters.
The company''s earnings per share stood at $1.21, up from US $0.54 per share compared to the same period last year.
On an adjusted basis, profit was $1.41 per share, up from $0.79 in the same annual comparison and also higher than the $1.31 forecast of analysts.
Facebook reported that its monthly active users totaled 1.86 billion at the end of the fourth quarter of 2016, up 17% compared to the previous year. The company says expect more spending and less growth in revenue this year.
Revenues from ads on mobile platforms accounted for 84% of the total revenue of the company through ads in the fourth quarter of last year, a rise of 80% compared to the previous year.