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Facebook full-year revenues rise 55% to nearly $7.9 billion

New York -- Record levels of engagement helped Facebook grow revenue in its fourth quarter, ended December 31, by 63% to nearly $2.59 billion. Full year revenues advanced 55% to nearly $7.9 billion.

Net income increased 116% to $1.13 billion, from $523 million, or three cents a share.

The social media giant said that its daily active users in the fourth quarter increased 22% to 757 million; mobile daily active users increased 49% to 556 million. The number of people who used Facebook on a monthly basis increased 16% to 1.23 billion, and those who did so monthly via a mobile device totaled 945 million.

Facebook said that 53% of its fourth quarter revenue of $2.59 billion was generated by mobile, well ahead of the 23% that mobile represented in the fourth quarter the prior year.

"It was a great end to the year for Facebook," said company founder and CEO Mark Zuckerberg. "We're looking forward to our next decade and to helping connect the rest of the world."

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