Facebook’s Q4 Revenue Beats Analysts’ Predictions

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By: Alexander C. Kaufman | The Wrap

Facebook posted $1.59 billion in revenue in the fourth quarter on Wednesday, beating analysts’ $1.53 billion prediction.

The world’s largest social network — with 1.06 billion active monthly users as of Dec. 30 — has been hoping for more revenue from its mobile offerings. It delivered, with mobile revenue representing 23 percent of its ad revenue.

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