How Facebook Made Its Billions in 2013

RMN Digital | January 30, 2014 | Corporate, Finance, Social, Social Tech | No Comments

Social networking company Facebook, Inc. (NASDAQ: FB) reported Wednesday its financial results for the fourth quarter and full year ended Dec. 31, 2013.

It claimed that the revenue for the full year 2013 was $7.87 billion, an increase of 55% year-over-year. And income from operations for 2013 was $2.80 billion.

Regarding the number of users on the site, Facebook claims that the daily active users (DAUs) were 757 million on average for Dec. 2013, an increase of 22% year-over-year.

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Meanwhile, the mobile DAUs were 556 million on average for Dec. 2013, an increase of 49% year-over-year.

“It was a great end to the year for Facebook,” said Mark Zuckerberg, Facebook founder and CEO. “We’re looking forward to our next decade and to helping connect the rest of the world.”

[ Facebook has become the world’s biggest time-waster for the hoi polloi while it’s a big piece of crap for the tech intelligentsia. How? Read: Hello Mark, Are You Aware of Facebook Flaws? ]

Facebook also reported that the monthly active users (MAUs) were 1.23 billion as of Dec. 31, 2013, an increase of 16% year-over-year and mobile MAUs were 945 million, an increase of 39% year-over-year.

Founded in 2004, Facebook is an online social networking website.

Photo courtesy: Facebook