Thursday, April 23, 2015
Facebook's Capex Set to Rise Faster than Revenues
Facebook said its revenue in the first quarter of 2015 increased by 49% year-on-year to 3.5 billion US dollars, excluding the impact of year-over-year changes in foreign exchange rates.
"In March, approximately 1.25 billion people accessed Facebook on mobile devices, up 24% from last year," said Dave Wehner, CFO of Facebook. "In addition to Facebook, Instagram, Messenger and WhatsApp continue to grow, exceeding 300 million, 600 million and 800 million monthly active users respectively."
Wehner predicted that Facebook's capital expenditure is likely to "be in the neighborhood" of 2.7 billion to 3.2 billion dollars in 2015, up from 1.8 billion in 2014. source: Facebook statement
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