Facebook Q3 Beats on Revenue, EPS
For the second quarter in a row, Facebook is getting a big "like" from investors after trouncing estimates. The company reported its Q3 results today, posting revenue of just more than $2.0 billion, almost 60% higher than the $1.3 billion in the same period the previous year. Net income almost doubled, to $621 million ($0.25 per diluted share) from Q3 2012's $311 million ($0.12).
Analysts had expected revenue of $1.9 billion and EPS of $0.19.
Many of the social networking giant's key operating metrics saw strong gains. The site's daily active users were 728 million, on average, this past September -- a 25% increase over the September 2012 number. Growth in mobile monthly active users was particularly robust, increasing 45% on a year-over-year basis to 874 million as of September 30. Overall site MAUs rose 18% to 1.19 billion across that stretch of time.
Advertising revenue, meanwhile, grew by 66% from Q3 2012 to reach $1.8 billion. The bulk of that remains of the traditional variety, however -- roughly 49% of the tally was from mobile advertising.
Following the announcement of the results, the company's stock is up by almost 10%, or $4.74, to $53.75 in after-hours trading.
The article Facebook Q3 Beats on Revenue, EPS originally appeared on Fool.com.Fool contributor Eric Volkman owns shares of Facebook. The Motley Fool recommends and owns shares of Facebook. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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