SUBSCRIBERS
Facebook's revenue up, but expenses rose faster
Sharp rise in expenses partly driven by huge increase in stock payouts to employees
Add BT as a preferred sourcePublished Thu, Jan 29, 2015 · 09:50 PM
San Francisco
WHEN Mark Zuckerberg warned investors three months ago that Facebook's expenses were going to rise sharply, he really meant it.
The company reported on Wednesday that revenue increased 49 per cent in the fourth quarter compared to the previous year, exceeding Wall Street's expectations. But expenses rose even faster, up 87 per cent from the same quarter a year ago, driven in part by a huge increase in stock payouts to employees.
Copyright SPH Media. All rights reserved.
