Facebook Releases Q4 and 2012 Results
Facebook reported its Q4 and 2012 results today. For the quarter, the company's revenue was $1.59 billion, and net income on a GAAP basis was $64 million ($0.03 per diluted share). Those figures were 40% higher and 8% lower, respectively, on a year-over-year basis. The top line exceeded analyst estimates of $1.51 billion, while earnings generally met the consensus.
For fiscal 2012, the company brought in $5.09 billion in revenue and netted a profit of $53 million ($0.01 diluted EPS). These represented a gain of 37% and a fall of 95%, respectively, over 2011's results. On a non-GAAP basis, Facebook's bottom line was $426 million ($0.17 diluted EPS) in Q4, and $1.32 billion ($0.53) for the full year.
Following the results announcement, Facebook shares shed about 10% of their value in heavy trading, but they have since recovered.
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