Facebook Earnings, Revenue Beat in Q3

Investing.com – Facebook (NASDAQ:) jumped in post-market trading Wednesday after the social media giant topped earnings and revenue estimates, led by a rise in advertising growth.

The firm reported earnings per share (EPS) of $2.12 on revenue of $17.65 billion. Analysts polled by Investing.com expected EPS of $1.9 on revenue of $17.36 billion. That compared to EPS of $1.76 on revenue of $13.73 billion in the same period a year earlier. The company had reported EPS of $0.91 on revenue of $16.89 billion in the previous quarter.

Advertising revenue rose 28% to $17.38 billion in the third quarter from a year earlier.

Monthly active users (MAUs), one of key metrics that analysts use to gauge the health of the company, increased 8% to 2.45 billion in the third quarter from a year earlier, in line with estimates.

“We estimate that around 2.2 billion people now use Facebook (NASDAQ:), Instagram, WhatsApp, or Messenger (our “Family” of services) every day on average, and around 2.8 billion people use at least one of our Family of services each month,” the company said.

Facebook shares gained 2.89% to trade at $193.63 in after-hours trade following the report.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.