Facebook (FB) Fourth-Quarter FY2015 Earnings Review: Revenue Beats Expectations as Mobile Drives Ad Sales

Executive Summary

• Facebook reported better-than-expected fourth-quarter 2015 net sales of $5.84 billion, up 51.7% year over year, versus the consensus estimate of $5.37 billion.
• Adjusted EPS was $0.79, which beat the consensus estimate of $0.54, and was up 46% from the same quarter a year ago.
• Mobile advertising revenue increased to $4.51 billion in the quarter, up 10.3% year over year and versus consensus of $4.09 billion.
• Facebook saw a 21% year-over-year increase in mobile monthly active users (MAUs), which totaled 1.44 billion versus the consensus estimate of 1.43 billion.