Facebook continues to destroy earnings expectations

Facebook earnings Q4 2015

Facebook has destroyed analysts expectations on several key metrics, including sales and profit, and new user growth.

The company reported on Thursday that Facebook brought in $5.8 billion— growth of 52%. The company also earned $1.6 billion in profit — an insanely high 123% increase from a year earlier.

Mobile ad revenue also increased, now making up 80% of total advertising revenue, up from 69% a year earlier.

Facebook monthly active users by platform

For the year, Facebook reported sales of $17.9 billion, a 44% increase, and $3.7 billion in total profits.

There are now 1.59 billion people who use the site each month and Facebook’s earnings per user has jumped from $9 to $13 versus the same period in 2014.

During a call with investors, CEO Mark Zuckerberg gave very little new information on what to expect this year.

He spoke briefly about his commitment to connect the world through Internet.org, and optimism for virtual reality and Oculus Rift.

“The launch is an important step toward the future,” he said, referring to the Oculus Rift headset, which went on sale earlier this month.

When asked if he was happy about initial pre-order sales, Zuckerberg responded emphatically, “Yes I am happy. I don’t show much joy, but I’m happy.”

Facebook has not revealed how many pre-order sales have been racked up for the highly-anticipated virtual reality headset.

CFO David Wehner warned that it would be hard to match the success in 2016 as uncertain global economic conditions and currency rate fluctuations weigh on the global economy.

2016 will also be “another significant investment year for Facebook,” with expenses expected to grow by 30% to 40%.

Shares in Facebook were up 8% in after hours trading.