Facebook Q3 Earnings Exceed Expectations
November 4, 2015 at 2:24 PM (PT)
FACEBOOK's Q3 2015 earnings topped analysts expectations TODAY, as ad revenue climbed amid a ballooning user base. The social media superpower reported third-quarter earnings of 57 cents per share on $4.5 billion in revenue, besting WALL STREET expectations of 52 cents, on $4.37 billion in revenue. Nine-month revenues climbed to $12.1 billion over the previous year's $8.6 billion.
"We had a good quarter and got a lot done," said founder/CEO MARK ZUCKERBERG. "We're focused on innovating and investing for the long term to serve our community and connect the entire world."
Shares rose as much as 3% in extended trading, which would mark an all-time one-day high.
Monthly active users rose 14% from the previous year to 1.55 billion, as of SEPTEMBER 30th. Mobile MAUs came in at 1.39 billion, and both edged pit analyst predictions. Daily active users were up to 1.01 billion, an increase of 17% year-over-year, while mobile daily users were at 894 million, an increase of 27% year-over-year.
Daily active users also climbed 17% to 1.01 billion, with nearly 900 million active daily mobile users.
Advertising revenue climbed 45% from the prior year to $4.3 billion. Mobile ad sales accounted for 78% of that, up from 66% in the prior year.
FACEBOOK is approaching a $300 billion valuation, only three-and-a-half years since it went public, with shares surging nearly 38% over the last 12 months. Its stock had languished below the IPO price of $38 per share for more than a year.
Total non-GAAP expenses rose 51% to $2.09 billion in the third quarter.