Facebook Surprises Everybody by Growing Revenue 63%, Now Has 1.23 Billion Active Members

Facebook grew revenue 63% to $2.59 billion in today's quarterly earnings report, sending the stock shooting up nearly 10% in afterhours trading.

Net income spiked from $64 million to $523 million, while annual revenue reached $7.8 billion, up 55% from 2012.

The world's largest social network now claims to have 1.23 billion active users, up 16%, with 945 million monthly active mobile users, up 39%. Facebook is rapidly becoming a "mobile ad firm" with 53% of total revenue now coming from mobile ads.

The report, which exceeded the expectations of the Wall Street consensus, comes at a time when Facebook is being denounced as on a decline. Evidently, that isn't so—Mark Zuckerberg's multi-billion dollar social empire is bigger and stronger than ever, making it possibly too big to fall.


Toronto, Ontario, Canada

Facebook's mission is to give people the power to share and make the world more open and connected. Millions of people use Facebook everyday to keep up with friends, upload an unlimited number of photos, share links and videos, and learn more about the people they meet. more

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