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October 31, 2013 12:19 am GMT
Facebook announced its Q3 2013 results today, posting $2.02B in revenue with earnings of $0.25 a share. That blew away estimates of $0.19 EPS and $1.91B in revenue. Much of the growth can be attributed to exploding ad revenue on mobile, with 49% of its revenue in Q3 coming from outside of the desktop. Facebook’s $1.80B overall ad revenue was up 66% in Q3 compared to the year-ago quarter. In fact, Facebook grew in almost every important metric. Daily active users were up 25% to 728M and Facebook’s overall users went up 18% to 1.19B. Mobile MAUs were up 45% y/y to 874M. Facebook’s monthly active users number jumped up by 40 million over all.Mobile daily active users were 507M in September of 2013. Notably, much of Facebook’s overall growth was in the rest of the world, with only 1M new users coming from the US. Create infographics The growth in mobile across Facebook’s revenue and user counts follows the industry trend as users continue to make their pocket computers their primary ones. Making mobile revenue work has been one of Facebook’s primary challenges, and one of the main reasons that so many have been skeptical about its future as a public company. The explosion in mobile revenue as a percentage of Facebook’s overall business serves as a sort of answer to those naysayers. “For nearly ten years, Facebook has been on a mission to connect the world,” Facebook CEO Mark Zuckerbergsaid in a release today. “The strong results we achieved this quarter show that we’re prepared forthe next phase of our company, as we work to bring the next five billion people online and into theknowledge economy.” At the moment, Facebook stock is up nearly 11% in after-hours trading to %54. Create infographics Create infographics
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/ahisDMkN9cc/
Facebook's Q3 '13 Beats With $2.02B Revenue, $0.25 EPS, With 49% Of Ad Revenue Now Via Mobile
Facebook announced its Q3 2013 results today, posting $2.02B in revenue with earnings of $0.25 a share. That blew away estimates of $0.19 EPS and $1.91B in revenue. Much of the growth can be attributed to exploding ad revenue on mobile, with 49% of its revenue in Q3 coming from outside of the desktop. Facebook’s $1.80B overall ad revenue was up 66% in Q3 compared to the year-ago quarter. In fact, Facebook grew in almost every important metric. Daily active users were up 25% to 728M and Facebook’s overall users went up 18% to 1.19B. Mobile MAUs were up 45% y/y to 874M. Facebook’s monthly active users number jumped up by 40 million over all.Mobile daily active users were 507M in September of 2013. Notably, much of Facebook’s overall growth was in the rest of the world, with only 1M new users coming from the US. Create infographics The growth in mobile across Facebook’s revenue and user counts follows the industry trend as users continue to make their pocket computers their primary ones. Making mobile revenue work has been one of Facebook’s primary challenges, and one of the main reasons that so many have been skeptical about its future as a public company. The explosion in mobile revenue as a percentage of Facebook’s overall business serves as a sort of answer to those naysayers. “For nearly ten years, Facebook has been on a mission to connect the world,” Facebook CEO Mark Zuckerbergsaid in a release today. “The strong results we achieved this quarter show that we’re prepared forthe next phase of our company, as we work to bring the next five billion people online and into theknowledge economy.” At the moment, Facebook stock is up nearly 11% in after-hours trading to %54. Create infographics Create infographicsOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/ahisDMkN9cc/
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