Upcoming AWS Coverage on TripAdvisor Post-Earnings Results

LONDON, UK / ACCESSWIRE / February 14, 2017 / Active Wall St. announces its post-earnings coverage on Facebook, Inc. (NASDAQ: FB). The Company released its financial results for the fourth quarter fiscal 2016 (Q4 FY16) and full year fiscal 2016 (FY16) on February 01, 2017. The Menlo Park, California-based Company's quarterly total revenues surged 51% y-o-y and its diluted EPS rallied 124% y-o-y in the reported quarter; beating analysts' estimates. Register with us now for your free membership at: http://www.activewallst.com/register/.

One of Facebook's competitors within the Internet Information Providers space, TripAdvisor, Inc. (NASDAQ: TRIP), reported its Q4 and full-year financial results on Thursday, February 16, 2017. AWS will be initiating a research report on TripAdvisor in the coming days.

Today, AWS is promoting its earnings coverage on FB; touching on TRIP. Get our free coverage by signing up to http://www.activewallst.com/register/.

Earnings Reviewed

During Q4 FY16, Facebook reported total revenue of $8.81 billion, which came in above $5.84 billion recorded at the end of Q4 FY15. The Company's quarterly total revenue numbers outperformed Wall Street's expectations of $8.5 billion. Furthermore, advertising revenue surged 53% to $8.63 billion in Q4 FY16 from $5.64 billion recorded in Q4 FY15. However, payments and other fees declined 12% y-o-y to $180 million in Q4 FY16.

The social networking Company's GAAP net income came in at $3.57 billion, or $1.21 per diluted common share, in Q4 FY16 compared to $1.56 billion, or $0.54 per diluted common share, in the prior year's same quarter. In the reported quarter, non-GAAP net income stood at $4.15 billion, or $1.41 per diluted share, compared to $2.27 billion, or $0.79 per diluted share, in Q4 FY15. Market analysts had expected the Company to report EPS of $1.11 per diluted share for the reported quarter.

For full year FY16, the Company's total revenues came in at $27.64 billion which was 54% above the $17.93 billion reported in FY15. The Company's GAAP net income increased to $10.22 billion, or $3.49 per diluted common share, in FY16 from $3.69 billion, or $1.29 per diluted common share, in FY15. Furthermore, non-GAAP net income for FY16 came in at $12.37 billion, or $4.23 per diluted share, compared to $6.52 billion, or $2.28 per diluted share, in FY15.

Operating Metrics For Q4 FY16, Facebook's GAAP income from operations came in at $4.57 billion, or 52% of total revenues, compared to $2.56 billion, or 44% of total revenues, in the year ago same period. In Q4 FY16, non-GAAP income from operations was $5.60 billion, or 64% of total revenues, versus $3.52 billion, or 60% of total revenues, reported in the year ago comparable quarter.

Facebook's monthly active users (MAUs) grew to 1.86 billion in Q4 FY16 from 1.59 billion in Q4 FY15. In the reported quarter, mobile MAUs increased to 1.74 billion from 1.44 billion in Q4 FY15. Additionally, daily active users (DAUs) increased to 1.23 billion in Q4 FY16 from 1.04 billion in the prior year's corresponding quarter. Mobile DAUs also grew to 1.15 billion in Q4 FY16 from 934 million in Q4 FY15.

Facebook's average revenue per user (ARPU) stood at $4.83 in Q4 FY16, up from $3.73 in last year's same quarter. In the reported period, advertising ARPU was $4.73, while payments and other fees ARPU came in at $0.10. Additionally, mobile advertising revenue represented approximately 84% of advertising revenue in Q4 FY16, up from approximately 80% of advertising revenue in prior year's comparable quarter.

Geographical Contribution

During Q4 FY16, Facebook reported DAUs of 180 million in US and Canada region and MAUs for the reported quarter were 231 million. Furthermore, Q4 FY16 ARPU from the region stood at $19.81, versus $13.70 in Q4 FY15.

In the quarter ended December 31, 2016, DAUs from European region increased to 262 million, while MAU's grew to 349 million. In Q4 FY16, ARPU from the region came in at $5.98 compared to $4.56 in the year ago same period.

Facebook had 396 million of DAUs and 673 million of MAUs in Asia-Pacific region. ARPU from the region increased to $2.07 in Q4 FY16 from $1.60 in the prior year comparable quarter. There are 388 million DAUs for Facebook from rest of the world, while MAUs from the region stood at 606 million. The region's ARPU for Q4 FY16 was $1.41, which came in above $1.10 recorded in the last year's same quarter.

Cash Flow & Balance Sheet

During the three quarters ended on December 31, 2016, Facebook generated $4.93 billion of cash from operations compared to $3.39 billion in the previous year's comparable period. In Q4 FY16, free cash flow came in at $3.66 billion compared to $2.70 billion in prior year's same quarter. The Company had cash, cash equivalents, and marketable securities balance of $29.45 billion as on December 31, 2016.

Share Repurchase

Facebook's Board of Directors authorized a $6 billion stock repurchase program beginning in 2017 with no fixed expiration date.

Stock Performance

Facebook's share price finished yesterday's trading session at $134.05, marginally down 0.10%. A total volume of 13.51 million shares exchanged hands. The stock has advanced 10.97% and 31.41% in the last three months and past twelve months, respectively. Furthermore, since the start of the year, shares of the Company have surged 16.51%. The stock is trading at a PE ratio of 38.59 and currently has a market cap of $387.26 billion.

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SOURCE: Active Wall Street