Skeptics who believe that teens are starting to abandon Facebook should find another day to make that argument. The results in the just-released Q4 report look good — contributing to a 7% jump in the post-market share price. The social network company generated $520M in net income in the last three months of 2013, up 717% vs the period last year, on revenues of $2.59B, +63.1%. The top line beat the $2.34B that analysts expected. Adjusted earnings per share, at 31 cents, also topped predictions for 27 cents. Ad sales were up 76% to $2.34B, with 53% of the total coming from mobile ads — a big jump from last year when they accounted for 23% of the total. The number of daily active users was up 22% to 757M vs the end of 2012. The growing company also had growing expenses: They amounted to $1.5B in Q4, +37% which the company attributes to the rising headcount and infrastructure expenses. All told “it was a great end to the year for Facebook,” CEO Mark Zuckerberg says. “We’re looking forward to our next decade and to helping connect the rest of the world.”
Here’s how the results look:
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