Facebook Beats the Street and Exceeds Q4 Earnings Estimates
The company raked in $1.33 billion in revenue from advertising, which accounted for 84 percent of its total revenue, and a 41 percent year-on-year increase. Facebook's efforts in the mobile space are clearly paying off.
"In 2012, we connected over a billion people and became a mobile company," said Mark Zuckerberg, Facebook founder and CEO. "We enter 2013 with good momentum and will continue to invest to achieve our mission and become a stronger, more valuable company."
This is the kind of quarter Facebook after watching its share price tumble in the market place. The social networking site has gone to great pains repositioning itself as a mobile company, which Mark Zuckerberg says it now is.